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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Crown Royal Commission submissions raised questions about directors’ duties
The Royal Commission’s most senior lawyer went on to outline how Crown management and its culture had put profit ahead of integrity, regulation and the law.
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AMP reinvents advice model in wake of bruising Royal Commission findings
The company said the new service model, with its aligned advice network, would mark a “new era for financial advice at AMP”.
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Crown should lose gaming licence due to systemic compliance failures: laundering probe
Money laundering concerns have dominated the inquiry, which looked at the extent to which Crown failed to address its financial crime risks.
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IMPACT ANALYSIS: ASIC drops criminal investigation into alleged “fees for no service” conduct by AMP
The Australian Securities and Investments Commission (ASIC) has finalised its criminal investigations into the alleged “fees for no service” conduct by AMP.
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Cryptocurrency taxation myths: time for a reality check
Cryptocurrency is no longer confined to the fringe of organised crime and tech companies. The age of ‘digital currency’ has well and truly arrived and many Australians have taken to investing in crypto. Tax myths abound and not surprisingly, regulators worldwide, including the ATO, are on the case.
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Transaction monitoring must sit at heart of AML compliance, says top enforcement lawyer
Regulators will seek evidence of a nuanced and comprehensive transaction monitoring program when they undertake supervision and enforcement work.
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Fintech, regtech and the role of compliance survey for 2022
Financial services firms adopting new ways of working supported by emerging iterations of fintech, regtech and insurtech.
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Cryptos on the rise
The benefits and challenges of cryptos together with an overview of the regulatory landscape for cryptocurrencies such as bitcoin.
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PODCAST: Compliance considerations for antitrust enforcement
The Thomson Reuters Regulatory Intelligence podcast series “Compliance Clarified” covers a wide range of topics that are relevant to compliance officers in financial services firms. Antitrust enforcement actions against technology…
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