New laws to stem drug dealers, corrupt officials and dirty money from heating up Australia’s real estate market

In short: A crackdown on money laundering means real estate agents, lawyers and accountants will need to report suspicious transactions. A crackdown on money laundering means real estate agents, lawyers and accountants will need to report suspicious transactions. The so-called “Tranche 2” laws will bring Australia into line with similar nations, and stem the process of criminals converting illegal profits into money that looks legitimate. The so-called “Tranche 2” laws will bring Australia into line with similar nations, and stem the process of criminals converting illegal profits into money that looks legitimate. What’s next? AUSTRAC will get $166.4 million in…