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【Cross-Border Tax】MONEY LAUNDERING: FATF re-rates Australia on Recommendations

The global Financial Action Task Force (FATF) has revisited its rating of Australia's anti-money laundering system, which has been in an enhanced follow-up process since the mutual evaluation in 2015 found several areas of weakness. Some aspects have improved to 'compliant' or 'largely compliant' status, but Australia will remain in enhanced follow-up because it remains non-compliant or partially compliant on 14 recommendations...

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