In Australia we allow briefcases of cash for property purchases. Lawyers, Accountants, Real Estate Agents are all exempt from having to report anything suspici

In Australia we allow briefcases of cash for property purchases. Lawyers, Accountants, Real Estate Agents are all exempt from having to report anything suspicious involving property. Since year 2006 the govt keeps promising (but failing to actually implement) AML legislation therefore continue allowing these 3 gatekeeper professions to facilitate laundering of untold illegal $billions into property which helped us continue to break annual house price sales records for 20+ years and achieve eye watering house prices (currently over 10x the average annual gross wage to purchase an average house and yet prices still rising rapidly) [2021] https://mlexmarketinsight.com/news-hub/editors-picks/area-of-expertise/anti-bribery-and-corruption/australia-is-failing-to-regulate-the-professional-enablers-of-financial-crime https://mlexmarketinsight.com/news-hub/editors-picks/area-of... [2020] https://www.michaelwest.com.au/money-laundering-bill-finally-back-in-parliament-despite-fight-by-law-council-property-lobby/ https://www.michaelwest.com.au/money-laundering-bill-finally... [2016] https://youtu.be/otWm4yh7Rh4 https://youtu.be/otWm4yh7Rh4 [2015] http://www.fatf-gafi.org/media/fatf/documents/reports/mer4/Mutual-Evaluation-Report-Australia-2015.pdf http://www.fatf-gafi.org/media/fatf/documents/reports/mer4/M... I'm not sure of current statistics, but IIRC around year 2015 foreign property purchases in the state of Victoria were approaching 20% of all sales. Of course not all that was using laundered money, but it would have been nice to remove the market distortion of 22-year olds rocking up late to an auction in their Merc and bidding $100k or more over the current bid to easi!y win (waaay more than needed to actually win)