Why Australia’s offshore financial sector is a hotbed for money laundering and terrorism risk

More than a third of the country's $2.6 trillion offshore financial industry is involved in money laundering, drug trafficking and terrorism-related activities, a new report by a cross-industry think-tank has found.The Australian Financial System Integrity Project, which surveyed more than 400 international organisations and institutions and was launched last month, found the financial industry was also a hot spot for

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