ANALYSIS: New Zealand’s first banking AML penalty provides key lessons for financial sector Governance, Risk & Compliance

The Reserve Bank of New Zealand has wrapped up its first civil litigation under the anti-money laundering and counter-financing of terrorism regime.

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How launderers exploit Australia’s lax real estate laws to infiltrate banks Governance, Risk & Compliance

International money launderers are exploiting Australia’s continuing failure to pass “Tranche 2” laws, which has allowed them to defeat banks’ anti-crime controls

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Crown should lose gaming licence due to systemic compliance failures: laundering probe Governance, Risk & Compliance

Money laundering concerns have dominated the inquiry, which looked at the extent to which Crown failed to address its financial crime risks.

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Transaction monitoring must sit at heart of AML compliance, says top enforcement lawyer Governance, Risk & Compliance

Regulators will seek evidence of a nuanced and comprehensive transaction monitoring program when they undertake supervision and enforcement work.

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Australian senators push for inquiry into money laundering laws Regulatory Intelligence

Labor Senator Deborah O’Neill is set to call a vote on Wednesday for a broad-ranging inquiry into the “adequacy and efficacy” of Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) framework.

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OPINION: Ten things compliance officers in Asia-Pacific must do this year Compliance

2020 saw landmark enforcement actions from regulators across Asia-Pacific as financial institutions across the region paid $5.1 billion in fines for anti-money laundering failures.

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Anti-Money Laundering Court Case Hones in on Individual Actors Legislation and Case Law

The Department of Internal Affairs (DIA) is one of three Anti-Money Laundering regulators in New Zealand. Last month, the DIA’s 5th major High Court case moved towards a conclusion, and it confirms an increasing trend to keep individuals on the hook for compliance failings.

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Financial Crime during COVID-19: Tackling fraud, scams and misinformation [Infographic] Governance, Risk & Compliance

Thomson Reuters has compiled an infographic that provides a snapshot of the COVID-19 pandemic’s impact on financial crime across the globe. Our brief visual guide features key statistics gathered from…

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Global ‘recalibration’ needed for AML/CTF regime in wake of pandemic Governance, Risk & Compliance

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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On-Demand Webinar | Financial Crime during COVID-19: Tackling fraud, scams and misinformation Governance, Risk & Compliance

Governments everywhere are overwhelmed by the task of managing the ongoing pandemic, and criminals will be searching for opportunities to exploit the crisis.Organizations and individuals should expect an increased risk…

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