Regulatory compliance in the Asia-Pacific region is more intricate than ever. Discover market trends in a 2024 risk report.
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AI and cyber-enabled financial crime tops risk agenda
Cyber danger tops risk agenda, as AI and cyber-enabled financial crime becoming increasingly complex.
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ANALYSIS: Australian police forging direct ties with major banks to combat laundering
he Australian Federal Police (AFP) has taken its work with the financial intelligence community to a new level by forging direct partnerships with Australia’s “big four” banks.
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Anti-corruption campaigners hopeful for reform, following Najib’s 1MDB jail sentence
On Tuesday the Federal Court in Putrajaya denied Najib’s final appeal and ordered the former prime minister to serve a 12-year prison sentence.
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Casinos to embrace “local independent boards” in wake of AML enquiries
Australia’s national casino operators are likely to form independent boards in every state in response to the scathing findings from the Crown and Star inquiries.
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How the ATO GST fraud crackdown can impact legitimate refund claims
The ATO has launched an investigation into large-scale GST fraud attempts, which is delaying legitimate refund claims and impacting business cashflow.
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Compliance and Risk Management Matters: 6 Key Risks Facing Organisations
Compliance and risk management professionals’ responsibilities are expanding. We look at the key compliance risks and how to safeguard your organisation.
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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.
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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.
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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
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