Westpac sets solid grounds for AUSTRAC AML defence 18 May 2020 6:03AM Westpac has sent a clear message to AUSTRAC that it will not simply roll over and settle in the landmark anti-money laundering litigation from the Australian financial intelligence agency. read more
CommBank AML blues widen 06 March 2019 4:55PM ASIC is looking at whether CBA's most senior staff met their obligations of "care and diligence" in relation to systemic breakdowns in the bank's AML controls between 2012 and 2017.The regulator is lo.. read more
Tranche warfare over financial crime 25 February 2019 5:23PM The fight against cross-border financial crime is shaping up to be a political battlefield in Australia, as the major parties prepare their policy platforms for this year's federal election. read more
Chinese laundering allegations pressure Australia to close loopholes 19 February 2019 4:50PM The revelations about Chinese asset recovery agents operating covertly in Australia will put pressure on the Department of Home Affairs to introduce law reforms ahead of the May general election. The.. read more
China's global hunt for "big crocs" flounders 19 February 2019 4:48PM China's high-profile global crackdown on corrupt oligarchs, or "big crocs", has begun to flounder as geopolitical tensions rise between the Mainland and the West. read more
Money laundering and the China bounty 18 February 2019 5:03PM Australian banks are accepting "blocked" Chinese funds as collateral to secure loans to buy property in Oz.And now Chinese law enforcement agencies have resorted to the use of private sector "bounty h.. read more