65 Percent of Money-Laundering Assets in Australia Are Real Estate: Attorney-General

Published on July 9, 2024

Federal Attorney-General Mark Dreyfus has said real estate was the main asset used by money laundering criminals in Australia in recent years. Speaking at the National Press Club of Australia on July 9, Mr. Dreyfus shared his insights on the magnitude of money laundering crime nationwide. “Australia is at serious risk of exploitation by criminals seeking to launder illicit funds,” he said. “Over the past four years, the Commonwealth Director of Public Prosecutions has secured more than 240 convictions for money laundering offences.” According to the attorney-general, the Criminal Assets Confiscation Taskforce, led by the Australian Federal Police, seized around $352 million (US$237 million) worth of assets from money laundering criminals in 2023....

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