Ahead of the Governance Institute’s Leadership Trust Foresight conference on 7-8 December 2020, Dr Klaus Moosmayer, Member Executive Committee & Chief Ethics, Risk and Compliance Officer, Novartis AG (Switzerland) speaks with Virginia Ginnane, Marketing Content Specialist, Thomson Reuters about steering an ethical business in this challenging time.
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Cash Converters in AUSTRAC’s gunsights, as regulator sizes up next enforcement targets
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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Dirty money’s dirty secret: We’ve all been deceived – there is no ‘war on drugs’
In this article former U.S. undercover agent, Robert Mazur confesses that he, his fellow law enforcement agents on the front lines, the U.S. public and the world’s communities have been deceived. A small band of the politically powerful have, time and time again, undermined the integrity of “the war on drugs”. It’s not a war; it’s a lie, he writes.
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New Zealand’s central bank takes on first major money laundering investigations
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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Transfer pricing considerations in an economic downturn
Now is the time for multinational enterprises to consider changes to transfer pricing policies.
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FinCEN leaks highlight need for “radical” approach to tackling financial crime
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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Geopolitical impacts on global supply chains
Most of the time, supply chains work seamlessly. That is, until a geopolitical stressor exposes the weaknesses of a system with too much efficiency and not enough resilience.
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Tranche too hard: Australia edges forward with glacial AML/CTF law reform agenda
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 AML law reforms have been “mogged” in political reshuffle
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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Cost of Compliance Report 2020: COVID-19 Update
Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.
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