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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GCs Need to Focus on Corruption Risk as Offices Reopen
General Counsel need to greet their organisation’s office reopening with increased vigilance regarding the management of the risk of corruption.
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AMP Reinvents Advice Model in Wake of Bruising Royal Commission Findings
The company said the new service model, with its aligned advice network, would mark a “new era for financial advice at AMP”.
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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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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.
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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.
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