Formal warnings issued by Department of Internal Affairs in money laundering crackdown (opens original article in a new tab)

The Department of Internal Affairs issued formal warnings to 10 entities, including six law firms and a real estate agency, for failing to conduct required anti-money laundering audits.

• Department of Internal Affairs issued formal warnings to 10 reporting entities for failing to conduct independent audits against money laundering
• Six law firms and one real estate agency were among the entities warned during a thematic review
• Acting director Laura Olsen emphasized legal obligations to prevent financial crime and protect against money laundering