Paying a ransom could be an Australian money laundering offence
By AAMEG | 29 September 2021
What has money laundering law got to do with paying criminals to get your own property back or to get access to a computer system they own? Well, in brief, the payment of a ransom could amount to money laundering because under Division 400 of the Criminal Code Act, a law of the Commonwealth of Australia, the payment would amount to an instrument of crime.
What has money laundering law got to do with paying criminals to get your own property back or to get access to a computer system they own? Well, in brief, the payment of a ransom could amount to money laundering because under Division 400 of the Criminal Code Act, a law of the Commonwealth of Australia, the payment would amount to an instrument of crime.
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