On 25 April, the Australian Financial Review reported that the Morrison government has walked away from plans to detail nominee directors, a move experts claim will entrench Australia as a safe haven for laundered money and the proceeds of corruption.  Australia committed to introducing a so-called “beneficial ownership register” in 2016 and again in 2018.  The Treasury has said that the government had no appetite for the commitment, and was not open to pursuing it.

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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