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.
Read moreFeatured Resources
Compliance / Risk Manager Posts
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.
Read more
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.
Read more
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.
Read more
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.
Read more
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.
Read more
Cost of Compliance 2021: Shaping the Future
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.
Read more
Professional Bodies Respond to Allocation of Profits Draft Guidelines
The professional bodies have released their joint submission to the ATO’s Draft Practical Compliance Guideline PCG 2021/D2.
Read more
Whitepaper: Building a Cyber-Aware Compliance Culture
Business is at a critical point. Still reeling from the ongoing risk impact of the pandemic, you now have to prepare for an equally uncertain future. There is no more putting it off.
Read more
Inside AML: How Australia’s banks joined forces to break open a “cuckoo smurfing” syndicate
Australia’s world-leading Fintel Alliance has secured a major win in the fight against organised financial crime, after teaming up with state police for a “week of action” on cuckoo smurfing.
Read more