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.

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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.