The Australian Securities and Investments Commission (ASIC) and the Serious Financial Crime Taskforce (SFCT)) have pressed 72 criminal charges against the directors and legal advisers of Members Alliance and Benchmark Group.

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Unlike some countries (such as the US), Australia’s legislative references to tax “evasion” do not refer to a criminal offence or even a category of criminal offences.

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The Australian anti-money laundering regulator has urged reporting entities to review their risk assessments and compliance controls in the context of two new reports from the Financial Action Task Force (FATF)

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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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Australia’s world-leading Fintel Alliance has secured a major win in the fight against organised financial crime, after teaming up with state police for a “week of action” on cuckoo smurfing.

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News of Barangaroo Crown Casino’s alleged non-compliance with AML/CTF laws late last year raises the perennial question of how to best regulate the gambling industry.

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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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Australia’s financial intelligence agency has lifted the bonnet on one of its most ambitious technical projects, which could allow money laundering networks to be uncovered that were previously hidden in the shadows and concealed across multiple banks.

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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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