Westpac Banking Corporation has received an A$40 million penalty for charging advice fees to dead customers.
Read more
IMPACT ANALYSIS: Star Casino appoints new chairman as AML/CTF breaches escalate before inquiry
The Star Entertainment Group Pty Ltd has announced to the Australian Stock Exchange (ASX) that John O’Neill will assume the role of executive chairman, following the resignation of Matt Bekier.
Read more
IMPACT ANALYSIS: ASIC warns companies to get their whistleblower policies in order
whistleblower protection regime, the Australian Securities and Investments Commission (ASIC) has warned.
Read more
4 myths surrounding global disclosure management and software
Organisations that have not centralised global disclosure management and implemented purpose-built software are missing out.
Read more
Silo-breaking tips for global statutory financial reporting
If you have decided to break silos and harmonise your process, then you have made an important step towards a faster, more efficient process.
Read more
5 questions about the environmental impact of crypto-mining
Is the act of mining for cryptocurrency damaging to the environment?
Read more
AUSTRAC claim alleges A$69 billion laundered through Crown Resorts
The Australian anti-money laundering agency has filed a civil claim against Crown Resorts, alleging that A$69 billion was laundered through the business over a five-year period.
Read more
Australian senators keep pressure on for AML/CTF law reform, ahead of Senate report
The Australian Greens have introduced legislation in the Senate as part of a broader campaign to pressure the government to push ahead with Tranche 2 of the anti-money laundering and counter-terrorism financing (AML/CTF) regime
Read more
OUTLOOK 2022-Australian regulators look to economic recovery in wake of pandemic pain
Australia’s key financial regulators have made a surprise decision to target economic recovery and resilience as one of their principal goals for the year ahead.
Read more
Pandora Papers fallout: How to prevent corruption and tax havens
What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering?
Read more