[2016-05-01]Money laundering using bitcoin a significant risk, finds govt review

[secone]

A government review of the federal anti-money-laundering legislation has concluded that the potential use of digital currencies such as bitcoin to evade monetary controls poses a “significant” risk.

The review of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 found that the features of bitcoin and other digital currencies “make them attractive to individuals and businesses who wish to utilise them for both legitimate and illegitimate purposes”.


http://www.computerworld.com.au/article/599044/money-laundering-using-bitcoin-significant-risk-finds-govt-review/