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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Westpac penalties top A$113 million over “widespread” compliance failures
Westpac Banking Corporation has received an A$40 million penalty for charging advice fees to dead customers.
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IMPACT ANALYSIS: ASIC warns companies to get their whistleblower policies in order
whistleblower protection regime, the Australian Securities and Investments Commission (ASIC) has warned.
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5 questions about the environmental impact of crypto-mining
Is the act of mining for cryptocurrency damaging to the environment?
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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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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.
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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?
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Thomson Reuters Regulatory Intelligence, 13th Annual Cost of Compliance Survey 2022
Thomson Reuters Regulatory Intelligence has launched its 13th annual survey on the cost of compliance for regulated firms in the financial services industry.
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ASIC pushing ahead with world-leading rules to govern digital assets
The Australian financial conduct regulator is forging ahead with world-first rules to govern digital assets, including complex crypto tokens that allow for decentralised control in place of traditional boards.
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