AUSTRAC mortgage fraud crackdown reverberates across China’s social media

Tokyo | For years, Chinese authorities have loomed large over attempts to move money out of the country, with an endless crackdown on efforts to get cash out and into Australian real estate and bank accounts.

Now there’s another consideration – an equally aggressive push from Australian officials who worry that money is flowing into the country through fraudulent mortgage applications, often made with the help of networks of accountants, brokers and investment professionals.

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