Law Council of Australia rejects claims the profession presents a ‘significant risk of money laundering and terrorist financing’

Criminal gangs and corrupt officials may find it easier to launder money in Australia if lawyers are given more power to conceal their client’s information from authorities, transparency advocates warn.

Australia is one of the only nations not to force accountants, real estate agents and lawyers to report suspicious transactions – including unexplained wealth used to purchase property – to a financial intelligence agency.

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