AML/CTF programs should be developed to ensure they consider the criminal activities of individuals who control the money, not just own it.
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Dr Mathew Leighton-Daly
Legal Book Author, Thomson Reuters
Dr Mathew Leighton-Daly is the newly commissioned author of our Financial Crime Control and Anti-Money Laundering on-line publication. Dr Leighton-Daly is an internationally recognised specialist in financial crime control.
The new work incorporates completely revised annotations to the principle Act, together with the Rules and regulatory material previously appearing in the earlier work. This material is complimented with the addition of commentary and legislative excerpts addressing criminal money laundering and civil proceeds of crime legislation.
Posts by Dr Mathew Leighton-Daly
Court of Criminal Appeal Quashes Tax Crime Convictions After Crown’s Creative Accounting
Why did this tax criminal case ultimately fail? Find out – along with what the outcome of the case has revealed about tax intricate accounting practices – here.
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High Court Confirms ‘Cuckoo Smurfing’ Alive and Well
There is now no doubt that sophisticated and modern variations of ‘cuckoo smurfing’ are caught by the Proceeds of Crime Act 2002, Thomson Reuters Author, Dr Mathew Leighton-Daly, demonstrates in this article.
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AUSTRAC Goes After Westpac with Allegations of Anti-Money Laundering Misconduct
Westpac failed to report over 19.5 million International Funds Transfer Instructions to AUSTRAC over nearly five years for transfers to and from Australia.
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Then Tabcorp, Now Afterpay: Who Will AUSTRAC Turn to Next?
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is well known as Australia’s financial intelligence agency. It was perhaps not as well known for its regulatory responsibility – at least…
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