Australia's anti-money laundering regulator has launched a blitz on unregistered money transfer dealers who risk being exploited by sophisticated criminal organisations.
Nicole Rose - chief executive of the Australian Transaction Reports & Analysis Centre or Austrac - warns small home-based operators are exposed to human trafficking, child exploitation, illegal firearms sales and drug networks.
In a rare interview, Ms Rose also told AM there's been a 70 percent surge in "self reporting" by the finance sector after the Commonwealth Bank was fined 700 million dollars last year for almost 54-thousand money laundering breaches.
Ms Rose has also confirmed that while Austrac is probing money laundering allegations relating to Crown casinos, she's yet to see evidence of criminal activity
Nicole Rose speaks with ABC's Peter Ryan.
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