Parallels the dodgy wangling going on in Australia for the past decade or more. "Pending" legislation to prevent money laundering via real estate has gathered

Parallels the dodgy wangling going on in Australia for the past decade or more. "Pending" legislation to prevent money laundering via real estate has gathered dust in Canberra for well over a decade! Lawyers, accountants and real estate agents are still exempted from reporting anything suspicious (including briefcases full of cash), providing an easy avenue for foreign buyers to launder funds through property. https://www.macrobusiness.com.au/2017/10/us-expert-slams-australias-non-existent-realty-money-laundering-laws/ https://www.macrobusiness.com.au/2017/10/us-expert-slams-aus... On the surface we are a western nation, but lift the covers and we are enabling money laundering into real estate, to the tune of billions and billions every year. Real estate agents report unprecedented numbers of overseas’ buyers of residential and commercial property in Melbourne and Sydney paying cash… An estimated 70 per cent of Chinese buyers pay in cash