The term ‘white-collar crime’ was first coined in 1939 by American sociologist Edwin Sutherland who described it as “a violation of criminal law by the person of upper-socioeconomic class in…
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New FAR close to implementation for APRA entities
The Financial Accountability Regime (FAR), recently established by the long-awaited Financial Accountability Regime Act 2023 (Cth) (the Act), will come into effect for the banking industry in March 2024, and…
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Inside Job: The Plutus Payroll tax fraud conspiracies
The conduct of those persons complicit in the Plutus Payroll Australia Pty Ltd (Plutus) tax fraud conspiracies – the investigation into which is known as Operation Elbrus – amounted to…
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Modernising the AML/CTF regime
An update on the Government’s Modernising Australia’s anti-money laundering and counter-terrorism financing regime Consultation Paper.
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Fool’s Gold: GST and Precious Metals Fraud
It has been two years since ACN 154 520 199 Pty Ltd (in liq) v Federal Commissioner of Taxation (2020) 282 FCR 455; [2020] FCAFC 190 (EBS & Associates) and…
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Cashless is King for the Banks, Not Financial Crime Control
There have been several advocates, particularly post-pandemic, for a cashless Australian society (if not world). Motivations for a cashless society are not limited to the control of financial crime of…
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China’s Enforcement Action Against Insider Trading Examined
A new study explores China’s legal regime against insider trading, including the increasing use of enforcement action.
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Controlling the Rise of Financial Crime During the Pandemic: What has Changed?
Fraud and cybercrime are on the rise as organised crime schemes are forced to diversify in the changing face of the pandemic.
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Once-in-a-Decade Opportunity to Improve NZ’s Anti-Money Laundering Regime
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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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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