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…
Read moreInside 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…
Read moreModernising the AML/CTF regime
An update on the Government’s Modernising Australia’s anti-money laundering and counter-terrorism financing regime Consultation Paper.
Read moreFool’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…
Read moreCashless 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…
Read moreChina’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.
Read moreControlling 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.
Read moreOnce-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.
Read more5 Conversation Starters Addressing Cryptocurrency Risks and Opportunities
The evolving technologies powering cryptocurrencies are advancing at a pace that our existing laws cannot handle.
Read moreHow Launderers Exploit Australia’s Lax Real Estate Laws to Infiltrate Banks
International money launderers are exploiting Australia’s continuing failure to pass “Tranche 2” laws, which has allowed them to defeat banks’ anti-crime controls
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