The Department of Internal Affairs (DIA) is one of three Anti-Money Laundering regulators in New Zealand. Last month, the DIA’s 5th major High Court case moved towards a conclusion, and it confirms an increasing trend to keep individuals on the hook for compliance failings.
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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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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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Corporate Crime a Compliance Priority in 2018
Significant legislative reform is proposed to be introduced this year aimed at introducing stronger measures to combat corporate crime following recent reports that show that Australia has made slow progress…
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