In Australia actual suitcases of cash are allowed and sometimes used for buying houses because Lawyers, Realtors, and Accountants have zero accountability to re

In Australia actual suitcases of cash are allowed and sometimes used for buying houses because Lawyers, Realtors, and Accountants have zero accountability to report anything suspicious to anyone. "Anti Money Laundering" laws to stop that happening never managed to actually be passed into legislation in Australia [0] despite many "attempts" since 2006 (the politicians forming discussion groups of committees for re-reviewing the potential idea of AML every few years then seemingly deciding it's too scary to be labelled as the cohort who stopped the vast money laundering into property in Australia). KYC only exists for banks here, and we are near the bottom of the barrel when it comes to money laundering compliance [1] (Australia is one of only 8% of countries assessed by the FATF’s 4th Mutual Evaluation process as being totally non-compliant) A suitcase of cash buys a criminal the choicest realestate plus a chain of anonymous Australian shell companies controlled by Panamian or Cayman Islands companies. The actual beneficial owner of the property can rarely be determined in these cases. Or even worse, they leverage their crime proceeds and get fat bank loans. Our largest bank was in on it too, they've been caught so many times [1] A new book [2] titled "The Lucky Laundry, How the Aussie Economy Got Hooked on the World’s Dirtiest Cash" was recently published about Australia's wilful ignorance in turning a blind eye to crime because of greed and rampant capital appreciation (many yearly house price rises are greater than the owner's annual gross salary/wage before tax) [0] https://www.macrobusiness.com.au/2021/09/australian-property-a-haven-for-money-laundering-criminals/ https://www.macrobusiness.com.au/2021/09/australian-property... [1] https://michaelwest.com.au/do-not-stuff-up-this-institution-narev-told-the-inside-story-of-australias-biggest-money-laundering-scandal/ https://michaelwest.com.au/do-not-stuff-up-this-institution-... [2] https://michaelwest.com.au/lucky-laundry-review-aml-australia-property-money-laundering/ https://michaelwest.com.au/lucky-laundry-review-aml-australi...