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Australian Anti-Money Laundering Rules to Target Advisory RolesNew reforms to target accountants, real estate agents, lawyersMoves seek to bring Australia in line with global standardsLawyers, accountants, real estate agents and other advisers will be the focus of reforms to Australia’s anti-money laundering and counterterrorism financing laws.So called “tranche-two” entities aligned to criminal syndicates — professional services that abet illegal enterprise — have been left unpoliced for too long, attorney general Mark Dreyfus said in a speech in Canberra on Tuesday.The reforms come as part of two new National Risk Assessments that aim to bring Australia in line with global standards, Dreyfus said. Evaluations by the Financial Action Task Force, a global anti-money laundering and terrorist financing watchdog, have given Australia poor grades.“Australia was a founding member of the Financial Action Task Force in 1989, but is now one of just a handful of countries that are rated non-compliant because of our failure to regulate tranche-two entities,” he said.The risk assessments found that criminals have laundered funds using established and legal channels such as cash, luxury goods, real estate, domestic banks, casinos and remittances, he said.Australia is one of a small group of jurisdictions including China, Haiti, Madagascar and the US that don’t regulate advisory professions as part of anti-money laundering and counterterrorism financing regimes, according to Transparency International Australia.
UK Homebuilders Splash Cash in Bid to Bypass Busted Planning SystemFirms are increasingly paying up for a service that offers — but doesn’t guarantee — a better planning approval processBritain’s biggest developers are increasingly turning to a costly service to try to sidestep delays in the country’s broken planning system, a trend that underlines the extent of the challenge awaiting the new Labour government as it looks to make reforms.Freedom of Information requests by Bloomberg to councils across the UK show that builders are using a tool called planning performance agreements more and more to get their proposals looked at. So-called PPAs per local authority climbed to the highest on record last year following eight years of consecutive annual rises.Britain’s planning system is buckling under the strain of years of underfunding that’s allowed increasingly strident NIMBYism to slow construction amid an acute housing shortage. Critics warn that the use of PPAs — which are only available to builders able to pay substantial amounts of money — is hiding the true extent of that underfunding and the cost of fixing the planning process.“It is a system that is not fit for the 21st century,” said Tom Stanley, head of development and planning at BNP Paribas Real Estate. “Good planning is needed to drive the economy forward.”PPAs are agreements between developers and local authorities that hold planning departments to stricter deadlines and more frequent communication regarding housebuilding applications.Developers essentially pay for the local authority’s time, and spend even more if they want a dedicated planning officer, BNP’s Stanley said.Paying for a PPA will leapfrog you over other applications. But even paying more in this two-tier system does not guarantee a smoother housebuilding process, and some developers have reported equally as slow decision-making after dishing out thousands of pounds in fees. PPAs are not legally binding contracts, and there is no penalty for a local authority if deadlines are missed.A housing development under construction in the UK.Photographer: Darren Staples/BloombergThat’s despite their hefty cost. In Westminster, a PPA for a major proposal, such as one involving 10 or more residential units, has a price tag of £60,024 while for larger developments the price is on application. In Birmingham, the base fee for planning performance agreements is around £20,000 for large projects.Builders typically fork out thousands more for further meetings and advice during the planning process, with applicants complaining about amounts being charged that are “plucked out of thin air,” according to research published by the Planning Advisory Service.A Bloomberg investigation last year found that the average annual funding in local government planning departments has tumbled 44% since 2010, while the average number of employees in those teams has more than halved over the same period. Some 80% of major planning applications were not resolved within the statutory time period of 13 weeks between October and December last year, according to government statistics.
No conozco al que ha escrito el artículo, y si soy sincero no me he leído los datos. Pero no me dirán que no tiene razón en cada línea del artículo.Y sí, el PIB tiene muchas trampas contables para hacerlo crecer (como meter prostitución y cocaína, que de repente nos hicieron subir unos cuantos puntos). Y mientras nuestras de papel nos dicen que somos la leche y nuestra economía va "como un cohete", cada día pagamos más por menos y somos más pobres.