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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Inside AML: How Australia’s banks joined forces to break open a “cuckoo smurfing” syndicate Regulatory Intelligence

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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Money laundering by gambling: Regulatory gap or green light? Governance, Risk & Compliance

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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FinCEN leaks highlight need for “radical” approach to tackling financial crime Governance, Risk & Compliance

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 unveils world-first “privacy preserving”​ fintel encryption project Governance, Risk & Compliance

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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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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