Ahead of the Anti-Money Laundering Online Conference, Gary Hughes examines the Statutory Review of New Zealand’s AML/CFT regime.
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Compliance / Risk Manager Posts
5 Conversation Starters Addressing Cryptocurrency Risks and Opportunities
The evolving technologies powering cryptocurrencies are advancing at a pace that our existing laws cannot handle.
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Scrutiny Builds on Australian Casino Sector, as Star Stands in Regulator’s Spotlight
Star Entertainment Group, looks set to join Crown Resorts in the regulators’ crosshairs.
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Directors of Queensland Wealth Group, Lawyer Face Criminal Insolvent Trading Charges
The Australian Securities and Investments Commission (ASIC) and the Serious Financial Crime Taskforce (SFCT)) have pressed 72 criminal charges against the directors and legal advisers of Members Alliance and Benchmark Group.
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Tax Evasion is Illegal, but not an Offence. Does AUSTRAC Understand its Own Risks?
Unlike some countries (such as the US), Australia’s legislative references to tax “evasion” do not refer to a criminal offence or even a category of criminal offences.
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Labor Introduces Bill to Improve Transparency on Ransomware Payments
If passed, the Bill would establish a mandatory reporting requirement for certain types of entities that make a ransomware payment.
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How an informant and a messaging app led to huge global crime sting
It took $100,000 plus expenses, and the opportunity for a reduced prison sentence, for the smartphone developer to collaborate with the FBI.
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The Beat Goes On: AML Non-Compliance May Be Widespread
NAB, Crown Melbourne, SkyCity Entertainment and Star Entertainment Group recently reported that they had been referred to AUSTRAC’s enforcement team.
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APAC Regional Spotlight from Cost of Compliance 2021
Thomson Reuters Regulatory Intelligence has carried out its 12th annual survey on the cost of compliance focusing on the challenges the compliance functions at financial services firms around the world expect to face in the year ahead.
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Australian Senators Push for Inquiry into Money Laundering Laws
Labor Senator Deborah O’Neill is set to call a vote on Wednesday for a broad-ranging inquiry into the “adequacy and efficacy” of Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) framework.
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