Stockbrokers the new money laundering front line as illicit funds target the ASX – ABC News

A proposed change to money laundering laws could flood the stock exchange with dirty cash, experts have warned.
Key points:

• A proposed law change means stockbrokers would not need to identify their clients for up to five days after making a trade
• Experts say that could open up a new loophole for proceeds of crime to be laundered through the ASX
• Stockbrokers say they did not ask for the change and most brokers would not take the risk of trading on behalf of an unidentifi…

  Click here to view the original article.