Booming housing market increasingly a target for drug money launderers, say police

By Heath Aston
Updated January 22 2016 - 8:13pm, first published 6:56pm
The government is considering regulations to force real estate agents to do more to authenticate funds used to buy properties. Photo: Robert Shakespeare
The government is considering regulations to force real estate agents to do more to authenticate funds used to buy properties. Photo: Robert Shakespeare
Justice Minister Michael Keenan Photo: Brendan Esposito
Justice Minister Michael Keenan Photo: Brendan Esposito

The rampant real estate market has presented a golden opportunity for criminals to launder millions of dollars in drug money in Australia over the past 12 months, according to police.

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