Posts by Nathan Lynch

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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Australian fintech giant Afterpay has escaped formal enforcement action over millions of “technical” breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

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International payments titan PayPal Holdings is ramping up its compliance remediation work as the Australian anti-money laundering regulator considers its next major enforcement targets.

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An unprecedented leak of thousands of files from the U.S. government’s most confidential financial intelligence database has shone a spotlight on the world’s $2 trillion-a-year dirty money habit.

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The unlawful release of thousands of files from the U.S. financial intelligence unit’s database will shine a spotlight on the effectiveness of the international anti-money laundering (AML) regime, according to consultants with decades of experience in global banks and law enforcement agencies.

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The gradual phasing out of COVID-19 restrictions will present an unprecedented opportunity to recalibrate and potentially even “reset” the global financial crime compliance framework. The lessons from the pandemic have…

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