In 2006, Australia and the Paris-based Financial Action Taskforce (FATF) agreed to introduce “Tranche 2” anti-money laundering (AML) legislation targeting non-financial assets (particularly property). Ever since, vested interests in the real estate, legal, and accounting professions opposed this AML legislation, resulting in the continuous postponement of its implementation. Stakeholder discussions in 2008, 2010, 2012, 2014,
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