By Nathan Lynch, Head Regulatory Analyst for Australia & New Zealand, Thomson Reuters
Lawyers, accountants and other professional service providers are facilitating tax evasion and money laundering in Australia on a scale that places them in the category of organised crime, according to senior policing figures and government officials.
The release of the Panama Papers has led to a coordinated crackdown on tax evasion and money laundering in Australia, with more than 1,000 entities under suspicion. Officials said professional facilitators the so-called designated non-financial businesses and professions had played a key role in many of the cases that are under investigation.
Andrew Colvin, commissioner of the Australian Federal Pol…
Read the full article at: http://www.macrobusiness.com.au/2016/09/money-laundering-tax-evasion-reaches-scale-organised-crime/
