CompaniesFinancial ServicesOrganised crimeOpinionGap that let dirty money buy property closes todayFor too long, cracks in Australia’s regulatory framework have made the country an attractive destination for laundering illicit funds.Brendan ThomasFinancial regulatorAustralia is facing a sophisticated and well-organised criminal economy that operates across borders and sectors, and increasingly in plain sight.Every year, more than $60 billion in illegal profits is washed through the Australian economy.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Financial servicesFetching latest articlesMost Viewed In Companies