Australia News

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

Attorney-General Mark Dreyfus said residential and commercial real estate was an established money laundering method in Australia.
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65 Percent of Money-Laundering Assets in Australia Are Real Estate: Attorney-General
Australian Attorney-General Mark Dreyfus reads a bill in the House of Representatives in Canberra, Australia, on March 30, 2023. Martin Ollman/Getty Images
Alfred Bui
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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.

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Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].