Posts by Nathan Lynch

The public and private sectors must work together more closely to restore trust and stability across international institutions and to enable them to respond more quickly to major risk events, a leading compliance expert has said.

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Pawnbrokers, payday lenders and other non-bank reporting entities have been urged to review their financial crime controls, as the Australian Transaction Reports and Analysis Centre (AUSTRAC) broadens its supervision and enforcement crackdown.

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New Zealand’s central bank is well advanced in its first major investigations into anti-money laundering and counter financing of terrorism (AML/CFT) compliance failures, as it ramps up its financial crime compliance enforcement presence.

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Governments need to consider taking more “radical” measures to tackle financial crime threats in the wake of the FinCEN Files, even if there is a risk of “intelligence leakage”, an industry poll has found.

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Australia has revived its sclerotic anti-money laundering (AML) law reform program with the long-awaited “Phase 1.5” legislation moving through the federal Lower House.

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Australia’s largest casino operator is facing multiple regulatory challenges over its links to money laundering and organised crime, primarily due to its lax controls over junket operators.

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Australia’s long-awaited Tranche 2 anti-money laundering (AML) laws have become the victim of a departmental reshuffle, a process known in political circles as being “mogged”, according to a senior bureaucrat.

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The leak of the FinCEN Files has highlighted the ineffectiveness of the international anti-money laundering (AML) regime in terms of securing law enforcement outcomes and should trigger a fundamental review, a former senior U.S. law enforcement supervisory special agent has said

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Australia’s largest casino operator is facing enforcement action from the Australian Transaction Reports and Analysis Centre (AUSTRAC) following a 12-month review of its compliance controls that began in September 2019.

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