Research and Know-How New FAR close to implementation for APRA entities December 5, 2023 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 more
Research and Know-How Inside Job: The Plutus Payroll tax fraud conspiracies October 25, 2023 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 more
Research and Know-How Modernising the AML/CTF regime June 21, 2023 An update on the Government’s Modernising Australia’s anti-money laundering and counter-terrorism financing regime Consultation Paper. Read more
Research and Know-How Fool’s Gold: GST and Precious Metals Fraud March 3, 2023 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 more
Research and Know-How Cashless is King for the Banks, Not Financial Crime Control December 21, 2022 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 more
Governance, Risk & Compliance China’s Enforcement Action Against Insider Trading Examined July 26, 2022 A new study explores China’s legal regime against insider trading, including the increasing use of enforcement action. Read more
Anti-Money Laundering Controlling the Rise of Financial Crime During the Pandemic: What has Changed? February 16, 2022 Fraud and cybercrime are on the rise as organised crime schemes are forced to diversify in the changing face of the pandemic. Read more
Anti-Money Laundering Once-in-a-Decade Opportunity to Improve NZ’s Anti-Money Laundering Regime November 25, 2021 Ahead of the Anti-Money Laundering Online Conference, Gary Hughes examines the Statutory Review of New Zealand’s AML/CFT regime. Read more
Governance, Risk & Compliance 5 Conversation Starters Addressing Cryptocurrency Risks and Opportunities October 20, 2021 The evolving technologies powering cryptocurrencies are advancing at a pace that our existing laws cannot handle. Read more
Anti-Money Laundering How Launderers Exploit Australia’s Lax Real Estate Laws to Infiltrate Banks August 23, 2021 International money launderers are exploiting Australia’s continuing failure to pass “Tranche 2” laws, which has allowed them to defeat banks’ anti-crime controls Read more