{"id":3252,"date":"2021-09-03T17:59:02","date_gmt":"2021-09-03T07:59:02","guid":{"rendered":"https:\/\/insight.thomsonreuters.com.au\/business\/?post_type=insight_resource&#038;p=3252"},"modified":"2021-09-03T17:59:33","modified_gmt":"2021-09-03T07:59:33","slug":"how-to-avoid-austracs-feared-litigation-team","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/how-to-avoid-austracs-feared-litigation-team","title":{"rendered":"How to avoid AUSTRAC&#8217;s feared litigation team"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">The recent ACAMS Australia conference gave financial crime practitioners an unprecedented level of detail about the strategic decision-making and policy issues behind the record A$1.3 billion Westpac anti-money laundering litigation.<\/h4>\n\n\n\n<p>Two high-profile speakers at the event included Sonja Marsic, senior executive lawyer with the Australian Government Solicitor (AGS), and financial crime expert Neil Jeans, who leads Initialism, a specialist anti-money laundering and counter-terrorism financing (AML\/CTF) consultancy.<\/p>\n\n\n\n<p>Marsic represented the Australian Transaction Reports and Analysis Centre (AUSTRAC) in the Tabcorp, Commonwealth Bank (CBA) and Westpac civil enforcement actions. Jeans was the expert witness for AUSTRAC in the CBA and Westpac cases, which are still by far the biggest civil enforcements in Australian corporate history. After the conference, Marsic and Jeans spoke about the key lessons from these enforcement actions and the secrets to staying out of AUSTRAC\u2019s crosshairs.<\/p>\n\n\n\n<p>To find out the key developments, complete the form to\u00a0<strong>download the<\/strong> <strong>article<\/strong>. <\/p>\n\n\n\n<p> This article first appeared on\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/legal.thomsonreuters.com.au\/products\/risk-compliance-management\/regulatory-intelligence\/\" target=\"_blank\">Thomson Reuters Regulatory Intelligence<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent ACAMS Australia conference gave financial crime practitioners an unprecedented level of detail about the strategic decision-making and policy issues behind the record A$1.3 billion<br \/>\nWestpac anti-money laundering litigation.<\/p>\n","protected":false},"author":97,"featured_media":3256,"template":"","categories":[697,660,701],"tags":[765,789,784,138,457,460,897],"resource_type":[929],"insight_job_role":[804,715],"insight_practice_area":[],"class_list":["entry","author-nathanlynch","has-excerpt","post-3252","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-compliance","category-governance-risk-compliance","category-regulatory-intelligence","tag-aml","tag-anti-money-laundering","tag-austrac","tag-compliance","tag-regulatory-intelligence","tag-risk","tag-risk-and-compliance","resource_type-article","insight_job_role-chief-risk-officer","insight_job_role-compliance-risk-manager","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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