Financial Crime Financial Crime

Australian accountants warn of compliance costs if carelessly subjected to AML rules

By Ben Lucas
  • 07 Sep 2021 02:17
  • 07 Sep 2021 02:17
Australia’s accounting bodies have warned that being carelessly subjected to anti-money laundering rules, without considering current industry regulations, could lead to a potential increase in compliance costs, particularly for smaller companies.

The Chartered Accountants Australia and New Zealand raised the concern in a submission to an ongoing parliamentary inquiry into the

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