The Australian conduct regulator has secured its first criminal conviction for failing to update defective disclosure statements, over the “fees for dead people” scandal that emerged from the financial services royal commission.
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Fintech, regtech and the role of compliance in 2023
Digital transformation and technological innovation continue to bring widespread change to financial services firms many of which have chosen to continue with the new ways of working adopted during the…
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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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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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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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Thomson Reuters 2021 Social Impact & ESG Report: Progress on Key ESG Activities
mson Reuters’ “2021 Social Impact and ESG Report” highlights the company’s major ESG activities and offers insight into its progress on its goals in several key areas
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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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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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