AIC release reports on money-laundering and terrorism risks

14/02/2012 10:45:54 AM

Attorney General Nicola Roxon and Minister for Home Affairs and Minister for Justice Jason Clare are proud to announce the release of three reports highlighting the risks to Australian business and non-profit organisations of money laundering and terrorism funding.


The reports were prepared by the Australian Institute of Criminology and include:

  1. Anti-money laundering and counter-terrorism financing across the globe: A comparative study of regulatory action (RPP 113)
  2. Money laundering and terrorism financing risks to Australian non-profit organisations (RPP 114)
  3. Trade Based Money Laundering: Risks and regulatory responses (RPP 115)

“Australia has some of the strongest measures in place to combat money laundering and terrorism financing,” Ms Roxon said.


“But, there is still more work to do and combating money laundering and starving terrorists of funds will continue to be a priority for our agencies.”


Mr Clare said that these reports would help educate business and non-profit organisations about the risk of money laundering.


“These reports identify the ways that business and non-profit organisations can be targeted by organised crime to launder money,” Mr Clare said.


“By highlighting the risks, business and non-profit organisations are armed with the information they need to protect themselves against criminals.”


The reports were prepared as part of a $3.2 million program of research into money laundering and financing of terrorism in Australia.


The publications are available on the AIC’s website