Money laundering refers to concealing, disguising or legitimising the true origin of illegitimate money.
Although often associated with organised crime, it’s actually committed by a wide range of people.
Crypto-currencies and electronic financial systems make this a highly specialised and complex area of criminal law, with growing police and regulatory focus.
Some actions that may constitute money laundering include:
- running unlawfully obtained money through a legitimate business
- purchasing assets in the names of third parties
- sending money to offshore accounts in tax haven locations.
Money laundering offences are usually prosecuted by the Commonwealth Director of Public Prosecutions.
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