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AUSTRALIAN MONEY LAUNDERING REGULATORY PRACTICE : A MODEL FOR THE UNITED ARAB EMIRATESINTRODUCTION coin make clean refers to the polish glum of criminally acquired cash through disguise and deceit both at the interior(prenominal) and world(prenominal) level .1 The fast tempo of globalisation has seen an take over in money laundering abhorrences throughout the world and it is for this condition that different countries ar enhancing their anti-money laundering regulative frameworks so as to reduce and where possible eliminate the prevalence of the vice . Australia has been at the forefront in developing anti-money laundering laws , with the Anti - capital Laundering and Counter - Terrorism Financing Act of 2006 ( /CTF 2006 ) and the resultant amendments of in 2008 being the latest moves .2 These laws demonstrate theProb lem StatementThe fast footstep of globalisation has brought with it new and more complicated challenges in the trade , gambling , banking and financial sectors around the world .

3 capital launderers are adopting more advanced techniques to penetrate the world s financial systems and transfer harvest-time from criminal activities such as proceeds from sales event of drugs piracy , and smuggling through disguise conduits . Therefore , in that location is need for enhanced anti-money laundering laws across the entire spectrum of the international system to curb the crime effectivelyPurpose of the ResearchThe ma in purpose of this research proposal is to ! assess the speciality of the existing ant-money laundering regulative practice in Australia and how the regulatory practice can be applied as a model in the define together Arabs Emirates (UAE . The research...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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