Regulatory Intelligence AI and cyber-enabled financial crime tops risk agenda 20 July 2023 Cyber danger tops risk agenda, as AI and cyber-enabled financial crime becoming increasingly complex. Read more
Governance, Risk & Compliance ANALYSIS: Australian police forging direct ties with major banks to combat laundering 16 September 2022 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. Read more
Governance, Risk & Compliance Anti-corruption campaigners hopeful for reform, following Najib’s 1MDB jail sentence 24 August 2022 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. Read more
Governance, Risk & Compliance Casinos to embrace “local independent boards” in wake of AML enquiries 17 June 2022 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. Read more
Compliance How the ATO GST fraud crackdown can impact legitimate refund claims 14 June 2022 The ATO has launched an investigation into large-scale GST fraud attempts, which is delaying legitimate refund claims and impacting business cashflow. Read more
Governance, Risk & Compliance Compliance and Risk Management Matters: 6 Key Risks Facing Organisations 24 May 2022 Compliance and risk management professionals’ responsibilities are expanding. We look at the key compliance risks and how to safeguard your organisation. Read more
Governance, Risk & Compliance IMPACT ANALYSIS: Star Casino appoints new chairman as AML/CTF breaches escalate before inquiry 26 April 2022 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
Governance, Risk & Compliance AUSTRAC claim alleges A$69 billion laundered through Crown Resorts 8 March 2022 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
Governance, Risk & Compliance Australian senators keep pressure on for AML/CTF law reform, ahead of Senate report 25 February 2022 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
Governance, Risk & Compliance Pandora Papers fallout: How to prevent corruption and tax havens 3 February 2022 What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering? Read more