2  While traditionally the financial sector was seen as the most vulnerable sector to ML/TF risks, in the face of heightened regulatory focus and more advanced AML/CFT legislation and procedures governing this sector, money launderers started to resort to the nonfinancial sector to conceal their proceeds of crime.
Putting all this together, our central forecast remains that inflation in Australia will gradually pick up over the next couple of years, although it is still likely to be closer to 2 per cent than 3 per cent by the end of this period.