Podcasts about austrac

Mark Beyer and Koby Cooke discuss French giant Egis and its quest to expand in Australia. Plus: Beazley steps down amid health concerns; Martin family's Bunker Bay chalets delayed; and AUSTRAC ends NAB enforceable undertaking.

US President Donald Trump seems to want to sack the Chairman of the Federal Reserve, Prime Minister Anthony Albanese's trip to China faces criticism. Plus, the anti-money laundering agency AUSTRAC lays out new priorities.See omnystudio.com/listener for privacy information.

The unemployment rate rises to 4.3 per cent in June, money laundering agency AUSTRAC pivots to new priorities. Plus, the ASX 200 soars to a new record high led by the major banks. See omnystudio.com/listener for privacy information.

Friday 18 July 2025 A surprise jump in the unemployment rate opens the way for an interest rate cut next month. And more, including: AUSTRAC to focus on cash and digital currencies Superannuation funds have another good financial year How science is eradicating genetic diseases Join our free daily newsletter here. And don’t miss the latest episode of How Do They Afford That? - this week, it's all about debt consolidation. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Friday 18 July 2025 The top five business stories in five minutes, with Sean Aylmer and Adam Lang. Rate cut likely after jobs shock Super funds return 10pc PM’s Panda diplomacy AUSTRAC to focus on cash and digital currencies How science is eradicating genetic diseases Join our free daily newsletter here! And don’t miss the latest episode of How Do They Afford That? - this week, it's all about debt consolidation. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Support the show: http://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Send a message directly to Lee ( Include your details )Australia is one of the last countries in the world to implement anti-money laundering legislation for real estate agents, with new laws requiring compliance by July 2026. Richard Manthel of AMLHUB explains what agents need to know about the $4 trillion global money laundering problem and how the real estate industry will soon play a crucial role in detecting suspicious transactions.• AML (anti-money laundering) legislation for Australian real estate agents passed in November 2024• Agents must have AML plans and procedures in place by March 2026 for July 2026 implementation• Money laundering involves moving illegal funds through assets like property to hide their origins• Real estate is attractive for money laundering because it can move vast sums without detection• Red flags include properties sold significantly under market value or unusual transaction structures• Every agency must appoint an AML compliance officer with attention to detail and process skills• Companies must develop a risk assessment and compliance program specific to their business• AUSTRAC will regulate compliance with potential penalties of $19,000 per day for non-registration• AML applies only to sales (residential and commercial), not property management• Resources available through AMLHUB include training and end-to-end compliance solutionsVisit amlhub.com.au/contact for help with planning and education to meet your AML obligations, or email richard@amlhub.com.auHosted by Lee WoodwardProudly brought to you by Lee Woodward Training Systems. Brought to you by NexrElevate your real estate business with Nexr – the strategic partner that helps you overcome challenges in securing more listings, building better teams, and achieving faster growth. With over 20 years of experience in developing Tier 1 agencies, Nexr provides bespoke solutions tailored to your unique needs. Ready to redefine the future of your business? Visit nexr.com.au today. Discover more: Next Events Lee's New Book – Claiming Doors Explore Lee Woodward Short Courses The Mat Steinwede Real Estate Success Program

In this episode, Elliot Berman and John Byrne dive into the latest developments in global financial crime compliance. They unpack the FATF's new report on terrorist financing, explore upcoming U.S. legislation on cryptocurrency and stablecoins, and discuss AUSTRAC's expanded AML/CTF regulations in Australia. The conversation also covers the FCA's updated guidance on politically exposed persons (PEPs) and enforcement actions against digital banks like Monzo, and other issues affecting the financial crime prevention community.

AUSTRAC orders audit of Western Union over compliance concerns, ASIC puts high-risk super schemes under the spotlight. Plus, Donald Trump announces new trade deal with Vietnam.See omnystudio.com/listener for privacy information.

Hello, and welcome to episode 160 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. In this week's episode, we look at fresh developments in sanctions enforcement, money laundering crackdowns, and fraud investigations. The UK government is pressuring Roman Abramovich over £2.5 billion in frozen funds from Chelsea FC's sale, while OFAC targets Guyanese and Colombian drug traffickers using narco-subs and secret airstrips. We explore how Suspicious Activity Reports (SARs) are strengthening financial crime investigations and discuss the European Commission's push to grey-list Monaco over lingering AML deficiencies. Plus, AUSTRAC warns of AI-driven money laundering risks, and the EPPO takes down a €100 million VAT fraud network.A transcript of this podcast, with links to the stories, will be available by Monday at www.crimes.financial.

This week, John and Elliot discuss the recent GAO report on AI in financial services, AUSTRAC's media release about crypto ATMs and their use in scams, fraud, and illicit finance, a new Canadian proposal to strengthen its boarders, including efforts to crack down on money launderers, a new North Dakota data security law impacting financial service providers, and other items impacting the financial crime prevention community.

The Fair Work Commission lifts the minimum wage by 3.5 per cent, one of the largest above-inflation increases on record. Plus, poor GDP figures force economists to lower their expectations for economic growth and AUSTRAC targets crypto ATMs.See omnystudio.com/listener for privacy information.

This week, John and Elliot discuss new Russian sanctions from the Council of the European Union, new UK AML requirements for art dealers, a call to action from FATF, Interpol, and UNODC, AUSTRAC's second public consultation on new AML/CTF rules, an alert from NYDFS about scammers impersonating crypto service providers, and other items impacting the financial crime prevention community.

Reforms to the ‘tipping off' offence under section 123 of the Australian Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) came into force from the 31st of March. The revised offence differs significantly from the former regime and will have significant implications for the day-to-day practices of many Australian businesses. In this episode, HSF Partners Bryony Adams and Alice Molan, and Senior Associate Daniel Hyde, outline how the revised offence differs from the former, discuss key themes emerging from AUSTRAC's recently released guidance, and provide some thoughts on what the reforms might mean for reporting entities and others.

In today's episode of iGaming Daily, brought to you by Optimove, iGaming Expert's Editor, Joe Streeter, is joined by SBC News' Editor, Ted Orme-Claye, to unpack the serious allegations leveled against Entain by Australia's financial watchdog, Austrac, over possible failures in its anti-money laundering practices. The two explore the findings of the report, Entain's regulatory track record, and what this means for the company's future. The duo also zooms out to examine Australia's broader regulatory environment, before shifting gears to discuss Flutter's latest acquisition move in Italy — a sign of the fast-changing global iGaming landscape.To read more about the topic's discussed in today's episode, click on the following links:- https://igamingexpert.com/regions/asia/entain-austrac-aml-allegations/- https://igamingexpert.com/regions/europe/flutter-snaitech-confirmation/Host: Joe StreeterGuest: Ted Orme-ClayeProducer: Anaya McDonaldEditor: James RossiGaming Daily is also now on TikTok. Make sure to follow us at iGaming Daily Podcast (@igaming_daily_podcast) | TikTok for bite-size clips from your favourite podcast. Finally, remember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service. 

Hello, and welcome to episode 151 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. After a few quiet weeks, the news has increased this week. On sanctions, new designations aimed at the usual targets in the US, as well as enforcement news. The UK has amended some licences, as well as having issued new designations. On money laundering AUSTRAC has made a number of updates to its website, and Transparency International reflects on anti-money laundering reform in Switzerland. On fraud news, Stop Scams UK has issued a joint statement, while the APPG on Fair Banking has published a report on APP fraud. On bribery and corruption news, reports on the scale of hospitality on offer to those around government, while departures from the SEC in the US hit the news wires. In relation to other financial crime news, a Business Plan from the Serious Fraud Office, and the National Crime Agency has published its annual plan. There is also a round-up of cybercrime news.A transcript of this podcast, with links to the stories, will be available by Monday at www.crimes.financial.

In this episode of the SMSF Experts, Shelley sits down with Caroline Bowler, CEO of BTC Markets, to explore the controversial yet fascinating role of cryptocurrency in SMSFs. With over 17 years of experience in financial services and a deep expertise in blockchain and digital assets, Caroline shares valuable insights on whether crypto qualifies as a complying SMSF asset. They delve into regulatory challenges, investment strategies, and the broader impact of digital assets on the industry. (00:31) Diving into Cryptocurrency(02:25) Understanding Blockchain and Bitcoin(03:42) The Evolution of Money and Value(04:52) Bitcoin's Global Relevance(07:55) Real-World Applications of Crypto(10:54) Tokenisation and the Future of Digital Assets(21:29) Regulatory Challenges and Scams(26:54) Building a Regulatory Framework for Crypto(27:52) Impact of Global Regulations on Crypto Prices(28:41) Australia's Need to Catch Up in Crypto Regulation(30:23) Challenges and Opportunities in Crypto Investment(35:24) Understanding Crypto Wallets and Security(39:46) Risks of Complex Crypto Products for Trustees(45:15) The Potential of NFTs Beyond Digital Art Follow Shelley: LinkedinFor more episodes and to sign up for the ASF Audits newsletter, please visit asfaudits.com.au

Australia recently passed an amended anti-money laundering and counter-terrorism financing (AML/CTF) bill that will soon include Tranche 2 entities in its regulatory regime. The result? Approximately 100,000 new entities under its scope. Regulating non-financial entities is not a new undertaking, as we've seen in countries like the UK, Singapore, and United Arab Emirates. Crucial to the success of the regime and overall client experience will be how Australian firms adopt the best practices shown by firms in other parts of the world, while ensuring they account for the nuances of their domestic market.In this episode of KYC Decoded, risk advisory lawyer, Jeremy Moller, from Norton Rose Fulbright and Qing Liu, Moody's Senior Director of Compliance & Third Party Risk in Australia, sit down with host Alex Pillow to discuss what the anticipated changes mean for Tranche 2 obliged entities and the future of compliance in Australia.Key topics:Introduction of the Tranche 2 regulationsChallenges and opportunities for firms implementing the reformsInternational comparisons of similar regimes, and opportunities for harmonizing regulationsAdditional resources:Register for Moody's in-person Sydney event on April 3 – the event features a blend of plenary and breakout sessions led by industry peers and Moody's financial crime practice lead.Law Council of Australia: AML/CTF Guidance and Vulnerabilities AnalysisLaw Society of New South Wales AML/CTF HubInformation on AUSTRAC's AML/CTF ReformNorton Rose Fulbright's Tranche 2 and AML/CTF Reforms HubVisit our website and get in touch to learn more – we would love to hear from you.

Hello, and welcome to episode 145 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. A reasonably busy week this week. On sanctions, new designations from the UK, EU, and US, while the UN has agreed a sanctions extension on Sudan. On money laundering, AUSTRAC and Europol announce action against remitters and digital currency exchanges and a money laundering gang. On market abuse, the Financial Conduct Authority has announced action against Mako Financial Markets Partnership for failings in its systems and controls to prevent financial crime, while in other financial crime news, the Competition and Markets Authority in the UK has announced settlement in a competition case against four banks for sharing sensitive information relating to UK gilts.A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news analysts are now starting to estimate the costs to the US economy of some upcoming tariff policy.But first, the S&P Global American services PMI rose in December to its strongest expansion since March 2022. But their manufacturing downturn deepened with manufacturers reporting falling output and higher prices. New factory orders fell sharply, extending the decline to a sixth consecutive month. The divergence makes the services sector jump look like a sugar-rush, one that could come with a hangover.The December factory survey in the New York region reflects the factory pullback - although that is from an unusually strong November.A New York Fed study of whether large tariff hikes protect US firms has found the opposite in a detailed survey. This is no surprise to economists, and they suggest that the next round is also likely to hurt American firms further. Further own-goals for American manufacturing are on their way. Others say it will shrink US GDP by -1%. That would be a US$300 bln hit.North of the border, Canadian housing starts came in particularly strong in November, and surprisingly so.And Canadian house prices are on an extended uptrend, boosted by more sales activity as interest rates come down there.But in a surprise political move in Canada, their Finance Minister has suddenly resigned, "throwing its economic agenda into a tailspin". Disagreement on how to frame Canada's policies when Trump comes to power in the US seems to be at the heart of the matter.Across the Pacific in Japan, their November PMIs revealed that their factory sector is now barely contracting (an improvement from October), and their services sector is now expanding faster. They had their strongest rise in private sector activity in the past three months. So perhaps it is no surprise to know that machinery orders are on the rise, after a lean period.China's new house prices in 70 cities shrank by -5.7% year-on-year in November, following the steepest decline in over nine years of 5.9% in the previous month. This marked the 17th consecutive month of decreases, suggesting that Beijing's extended attempts to mitigate the prolonged downturn in the property sector, such as reducing mortgage rates and slashing home buying costs, have yet to have the effect they are looking for. Prices for second-hand houses were even weaker.China's industrial production rose +5.4% in November from the same month a year ago, mildly exceeding market estimates and October's growth rate of +5.3%. The expansion was due to a good +6.0% rise in manufacturing. At the same time electricity production only rose +0.9% in the same basis, so that does undermine somewhat the validity of the industrial gains. And that low gain does match the 'headwinds' narrative they have been talking about. Their industrial production data seems to ignore that, and their weak PMIs. Something's not quite right.China's retail sales rose by +3.0% year-on-year in November, slowing from a +4.8% growth in the previous month and below market expectations of a +4.6% gain. This marked the weakest growth in retail activity since August. But compared with many other countries, this 'weak' expansion is better than inflation.The Indian PMI for December recorded an improving factory sector, and a services sector that is still expanding fast.India exports in November however fell to their lowest level since October 2022, down -5.2% from the same month a year ago. India is not much of a trading nation relative to the size of their economy, so the rise in economic activity is all about internal demand. However, imports surged +28% on that same year-on-year basis, and to an all-time record high.It might seem a tad ironic for a major oil producer, but Iran is proposing sweeping closures of public facilities, a move officials attribute to icy winter temperatures and the need for energy management while the country suffers massive shortages due to infrastructure failures. “Iran is on the brink of a 40% blackout in just 18 days,” said one local analyst.In Europe, Moody's unexpectedly downgraded France's credit rating from Aa2 to Aa3, citing concerns over deteriorating public finances amid political instability. For reference, Moody's rates New Zealand and Australia, each separately Aaa (although perhaps they will review ours after Thursday's GDP result).In Australia, financial system regulator ASIC is suing HSBC Australia alleging failures to adequately protect customers from scams.And AML regulator AUSTRAC is taking Entain to court over "serious" money laundering compliance breaches in its gambling/betting operations. Entain operates the TAB in New Zealand.The UST 10yr yield is now at just on 4.40%, little-changed from this time yesterday.The price of gold will start today at US$2651/oz and up +US$4 from yesterday.Oil prices are down -50 USc to be just on US$70.50/bbl in the US while the international Brent price is down almost -US$1 to be just over US$73.50.The Kiwi dollar starts today still just on 57.8 USc and up +20 bps from yesterday. Against the Aussie we are up +10 bps at 90.7 AUc. Against the euro we are also up +10 bps to 55 euro cents. That all means our TWI-5 starts today at just on 67.8 to be up +20 bps from yesterday at this time.The bitcoin price starts today at US$106,866 and up +3.7% from this time yesterday. Volatility over the past 24 hours has been moderate at +/- 2.2%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Hello, and welcome to the final episode of the Financial Crime Weekly Podcast for 2024 – episode 138 – I'm Chris Kirkbride. On sanctions, new designations from the US and UK, and enforcement action against an alleged conspirator. MONEYVAL has been active in its work, publishing reports on Monaco, Croatia and Georgia, while AUSTRAC has been updating its website. Global Anti-Corruption Day has kept the Council of Europe, Transparency International, and OSCE busy this week, but news also comes from the US and UK, where a significant appointment has been made to the role of Anti-Corruption Champion. Other financial crime news comes from Europol, and there is a round-up of cybercrime news.A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 136 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. On sanctions, new designations from the UK, EU and US. On money laundering news, AUSTRAC has welcomed the new anti-money laundering law in Australia, while on bribery and corruption news, GRECO has updated on Moldova's progress in combatting corruption. On market abuse, the SEC in the US has reported on the effectiveness of its enforcement action, while in the UK the FCA has issued fines for market abuse offences. SLAPPs are once more the focus of other financial crime news, while the UK government has warned of the cyber threat from Russia.A transcript of this podcast is available at www.crimes.financial, with links to the stories.

This week, John and Elliot discuss comments by the AUSTRAC CEO, FinCEN's proposed real estate reporting form, a new UN report on trends in financing terrorist fighter's activities, a new Commerce Department report on investigations of export control and anti-boycott violations, the arrest of the Spanish Police AML Chief on corruption charges, and several other items impacting the financial crime prevention community.

A Bill has been introduced into the Australian parliament to reform the Australian anti-money laundering and counter-terrorism financing regime. This episode explains to CA ANZ members what's in the Bill, how it may impact you, your business and your clients and when to start getting ready to comply. CA ANZ Senior Policy Advocate for Business Reform, Jill Muir joins Gillian Bowen for this practical discussion.  Resources referred to in the episode:  Media statement on AML/CTF Bill  CA ANZ Q&A on Australia's AML/CTF regime  Contact the CA ANZ Business Reform team  AUSTRAC's topic-based videos  See omnystudio.com/listener for privacy information.

John and Elliot discuss several developments impacting the financial crime community this week. These include an OCCRP article on crypto ATMs, FinCEN's Alert on red flags related to the financing of Israeli extremist settler violence against Palestinians in the West Bank and a joint notice on timeshare fraud, Senator Robert Menendez's corruption conviction, an AUSTRAC report on the current state of money laundering enforcement in Australia, and other items.

Hello, and welcome to episode 116 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. Money laundering takes centre stage again this week with stories from Europe and the UK. On fraud news, a range of actions from the European Public Prosecutor's Office across Romania, Malta, and Italy. The sanctions news has new designations from the US and Switzerland, and the UK has updated sanctions guidance for a number of countries. There is also a round-up of the cyber-attack news this week. As usual, I have linked the main stories flagged in the podcast in the description. These are: AUSTRAC, Spotlight on our work with international partners.AUSTRAC, Discover purpose behind the Fintel alliance.Bank of England, A multi-tool for cross-border payments: the power of Legal Entity Identifiers − speech by Victoria Cleland.Commonwealth, New Commonwealth model law to help countries regulate virtual assets.Council of Europe, Georgia: anti-corruption body calls for stronger oversight and accountability in top executive functions and the police.Council of Europe, Fifth Round Evaluation: Georgia.Delegation of the European Union to Namibia, EU supports Namibia to tackle money laundering, terrorist financing and related crimes.Eurojust, Eurojust supports searches into bribery and money laundering.European Public Prosecutor's Office, Romania: Three individuals and five companies indicted for €1 million fraud involving IT project.European Public Prosecutor's Office, Malta: Eleven charged in investigation into customs fraud and corruption of public officials.European Public Prosecutor's Office, Italy: EPPO seizes assets in €1.3 million fraud and money laundering investigation.Europol, French and Spanish authorities crack down on Chinese money laundering gang.Financial Action Task Force, Public Consultation on Recommendation 16 on Payment Transparency.Financial Action Task Force, Targeted Update on Implementation of the FATF Standards on Virtual Assets and Virtual Asset Service Providers.Financial Conduct Authority, Quarterly Consultation CP24/11 No 44.National Crime Agency, National Crime Agency leads international operation to degrade illegal versions of Cobalt Strike.National Cyber Security Centre, The NCSC and partners issue alert about evolving techniques used by China state-sponsored cyber attackers.Office of Foreign Assets Control, Cyber-related Designation Removal; Russia-related Designation Removal; Issuance of Venezuela General License 40C.Organisation for Security and Cooperation in Europe, OSCE Facilitates Training Course on Investigation of Corruption in Chisinau.The Federal Council, Ukraine: Switzerland adopts further sanctions against Russia.UK government, Zimbabwe sanctions guidance.UK government, Venezuela sanctions guidance. UK government, Guinea-Bissau sanctions guidance.UK government, Bosnia and Herzegovina sanctions guidance.UK government, Nicaragua sanctions guidance.UK government, Global Anti-corruption sanctions guidance.UK government, Global Human Rights sanctions guidance.United Nations Office on Drugs and Crime, Bribery becoming less accepted in Nigeria, says new report on corruption patterns and trends in the country.United Nations Office on Drugs and Crime, Corruption in Nigeria: Patterns and Trends.US Department of State, Sanctions on Individuals and Entities Contributing to Violence and Instability in the West Bank.  

The chief executive of the anti-money laundering and counter terrorism financing agency AUSTRAC joins the show, a leading economist discusses consumer sentiment. Plus, the Taiwan Semiconductor Manufacturing Company hits trillion-dollar status. See omnystudio.com/listener for privacy information.

Hello, and welcome to episode 113 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. Another exceptionally busy week for financial crime this week. In the EU, the 14th package of sanctions against Russia has been agreed, while there are further designations by the UK, US, and Canada. In the UK, there are more releases of submissions to the Treasury's review of the Money Laundering Regulations, and Hungary and Gibraltar get their money laundering follow-up reports from MONEYVAL. The market abuse comes from the UK, with an update on the charges against the finfluencers, and fines from the Swedish and US authorities against a market and a trading company. There is also a round-up of the cyber-attack news this week. As usual, I have linked the main stories flagged in the podcast in the description. These are: AUSTRAC, Welcome to our refreshed website.Centre for Research on Energy and Clean Air, May 2024 — Monthly analysis of Russian fossil fuel exports and sanctions.Check Point Research, Threat Intelligence Report.Commodities and Futures Trading Commission, CFTC Orders Trafigura to Pay $55 Million for Fraud, Manipulation and Impeding Communications with the CFTC.Financial Conduct Authority, 'Finfluencers' charged for promoting unauthorised trading scheme.Financial Conduct Authority, Update on the FCA's review of treatment of Politically Exposed Persons.Finansinspektionen, Nasdaq Stockholm receives a remark and an administrative fine.FINMA, FINMA proceedings: HSBC Private Bank (Suisse) SA violated money laundering regulations.Francine Pickup, Corruption is criminal, immoral, and the ultimate betrayal of public trust.Government of Canada, Canada announces additional sanctions against Russian government for its responsibility in death of Alexei Navalny.Ministry of Finance, Singapore Publishes Updated Money Laundering National Risk Assessment.Ministry of Finance, Money Laundering Risk Assessment Report 2024.MONEYVAL, Gibraltar improves compliance with international agreements on money laundering and terrorist financing.MONEYVAL, Hungary improves its measures in relation to virtual assets and virtual assets service providers.OECD, The OECD Working Group on Bribery announces new Chair.Office of Financial Sanctions Implementation, General Licence - Payments to the FCA INT/2024/4836676.Office of Foreign Assets Control, Treasury Targets Houthi Weapons Procurement and Funding Networks.Office of Foreign Assets Control, Treasury Targets Milorad Dodik's Network of Wealth Generating Companies, Including Prointer.Official Journal of the European Union, Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing ((EU) 2024/1624) (AML Regulation).Official Journal of the European Union, Regulation establishing the Anti-Money Laundering Authority (AMLA) ((EU) 2024/1620) (AMLA Regulation).Official Journal of the European Union, Sixth Money Laundering Directive ((EU) 2024/1640) (MLD6).S&P Global, Russia's shadow fleet − Formation, operation and continued risks for sanctions compliance teams.Spotlight on Corruption, Spotlight on Corruption's submission to HM Treasury's consultation: ‘Improving the effectiveness of the Money Laundering Regulations'.Starling Bank, Annual Report and Accounts 2024.The White House, Statement from National Security Advisor Jake Sullivan on the Global Effort to Strengthen the Cybersecurity of Energy Supply Chains.US Department of Energy, Supply Chain Cybersecurity Principles.Wolfsberg Group, Wolfsberg Response to the MLRs Consultation (press release).Wolfsberg Group, Consultation on Improving the effectiveness of the Money Laundering Regulations (Submission).

As the Dow briefly hits a record high, investment strategist David Cassidy explains why markets are starting to take off again. Plus, Peter Dutton's plan to fix the housing crisis, AUSTRAC snares another casino and this week's top property.See omnystudio.com/listener for privacy information.

Hello, and welcome to episode 104 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. This week has been yet another busy week for financial crime, which as I've been ill, I could well have done without. Anyway, sanctions news covers a broad range of targets, including Belarus, Iran, Venezuela, and North Korea. The action comes in the form of new designations and some enforcement. On bribery and anti-corruption, the all-party Parliamentary Group on Anti-Corruption & Responsible Tax has published its Economic Crime Manifesto II, and Transparency International has been busy churning out publications this week. On money laundering, Tiktok has been referred to AUSTRAC, and Europol has made a number of arrests of members of a money laundering gang. The fraud news contains the usual content from the US on Covid-19 fraud, and the Met Police in London has compromised a website used by fraudsters. There are other bits and pieces, as well as the round-up of cyber-attack news this week. Let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: All-Party Parliamentary Group on Anti-Corruption & Responsible Tax, Economic Crime Manifesto II.Delegation of the European Union to Ukraine, “The Decade of Transformation, Towards a Future of Integrity”: the EU gathered partners to mark 10 years of its support to rule of law and anti-corruption reforms in Ukraine.European Parliament, Fighting money laundering: final vote on a single EU rulebook and a new watchdog.Europol, 9 arrests in EUR 645 million JuicyFields investment scam case.Financial Action Task Force, FATF Ministers commit to stepping up efforts to fight money laundering, terrorist and proliferation financing.Financial Conduct Authority, Consultation Paper CP24/2**: Our Enforcement Guide and publicising enforcement investigations–a new approach.Governing, How to Protect Water Systems Against Cyber Attack.International Federation for Human Rights, Fighting grand corruption: an essential lever to protect human rights worldwide.Mandiant, Unearthing APT44: Russia's Notorious Cyber Sabotage Unit Sandworm.Metropolitan Police, Law enforcement infiltrates fraud platform used by thousands of criminals worldwide.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Sudan.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Democratic People's Republic of Korea.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran.Office of Financial Sanctions Implementation, Financial sanctions targets: list of all asset freeze targets.Pinsent Masons, How social media influencer marketing regulation differs across the Asia Pacific region.Transparency International, Will the EU act Decisively and Raise its Anti-Corruption Standards?Transparency International, Stopping Corruption Promoting Integrity.UK Legislation, Economic Crime and Corporate Transparency Act 2023 (Financial Penalty) Regulations 2024 SI No 445.US Department of Justice, Former North Korean Official Indicted on Sanctions Evasion, Conspiracy to Commit Bank Fraud, and Money Laundering Charges.US Department of Justice, International Arms Dealers Charged with Conspiring to Unlawfully Export Weapons and Ammunition from the United States to Sudan and Iraq.US Department of Justice, Biotech CEO Sentenced for $28M COVID-19 Securities Fraud Scheme and Obstruction of Related Investigation.US Department of Justice, Sterling businessman indicted for Covid-19 relief fund fraud.US Department of Justice, Three Individuals Indicted in Multistate COVID-19 Relief Program Fraud Scheme.US Department of State, Venezuela Sanctions Relief: Expiration of General License 44.US Department of the Treasury, Treasury Targets Belarusian Sanctions Evasion Networks and Cogs in Russia's War Machine.US Department of the Treasury, Treasury Targets Iranian UAV Program, Steel Industry, and Automobile Companies in Response to Unprecedented Attack on Israel.US Department of the Treasury, Remarks by Secretary of the Treasury Janet L. Yellen at the 2024 Financial Action Task Force Ministerial.US Securities and Exchange Commission, Comment on FinCEN's AML/CFT Program and SAR Filing for Registered Investment Advisers and Exempt Reporting Advisers Proposal. 

John and Elliot examine how different things come together in financial crime prevention efforts. They discuss a recent release from AUSTRAC about the connection between cybersecurity and AML/CFT compliance and an interesting blog post from the Council on Foreign Relations on the nexus of human trafficking, democracy, and corruption.

Make a submission! All concerned Australians should send an email or write a physical letter to the consultation, calling for: • Protection of cash, including access and use; • Consideration of legislation to require businesses to accept cash payments; • No forced phase-out of cheques by 2030. To make a submission, click the link for the Treasury consultation website with details of the legislation and how to submit: https://treasury.gov.au/consultations/c2023-452114 Alternatively, simply email the consultation at this address: paymentsconsultation@treasury.gov.au Or write a physical letter to this address: Sally Etherington Director Payments Strategy and Policy Unit Financial System Division Treasury Langton Cres Parkes ACT 2600 Until the 1st of November, Australians have an opportunity to submit to Treasury's consultation on a new bill to regulate digital payments in the payments system. This is an opportunity to send a very strong message to the government: whatever you do to regulate new digital payments, you must also protect the only payment system that is 100 per cent certain, reliable, and private—cash! Treasury's consultation on the exposure draft legislation for proposed reforms to the Payment Systems (Regulation) Act 1998 runs until 1 November 2023. The consultation page explains: “Following consultation in June 2023, the government is updating the Payment Systems (Regulation) Act 1998 to ensure regulators and government can address new risks related to payments as the provision of payments evolves and increases in complexity.” As yet the Australian Citizens Party has no opinion on the specific proposed reforms, but urges Australians to seize on this opportunity to send a message to the government to protect cash. A loud message is important because while the government repeatedly states it has no plans to get rid of cash, it is allowing the banks to effectively force Australians to go cashless by making it harder and harder to access and use cash. The banks: • impose arbitrary limits on cash withdrawals at branches that have nothing to do with money-laundering regulator AUSTRAC's $10,000 disclosure threshold; • interrogate anyone who wants to withdraw their own money—which the banks claim is to protect customers from scams, but it's also convenient for the banks and they take it way too far; • close branches and rip out ATMs to make it much harder for consumers and small businesses to source cash and bank their takings, and forces consumers to use private ATMs which charge high fees; • incentivise businesses to go cashless, to reduce the options for consumers to spend cash. If the government doesn't intervene to stop the banks from going down this path, Australians can look forward to a future in which any natural disaster or power failure will bring ALL commerce to a halt—possibly for days—until the infrastructure is fixed. Families will not be able to buy food, water, fuel or any other necessities. Starving, desperate people will huddle around and say, “Remember when we had cash and we could still buy stuff when the power failed?” All so technology-bedazzled bank executives can shift their banking business model to 100 per cent digital, enabling the banks to extract more profits from their customers by trapping them inside the bank, tracking and tracing every transaction and monetising the data, and taking a cut of every single transaction. To achieve their digital dystopia, the banks and the Australian Banking Association (ABA) are using dodgy claims and data to paint a false picture of Australian commerce. For example, they claim cheque use has plummeted, but that's only as a percentage—the absolute number of cheques written per month has held steady at around 2 million for 15 years.

It has been a busy 2023 in Australia with policymakers consulting on crypto licensing, AML/CTF reform, and more. Australia is home to a growing crypto ecosystem - crypto-assets are the second most popular investment after shares. With that growth has come regulatory scrutiny focused on consumer protection, combatting financial crime and creating a modern, risk-based regime for crypto-assets. In this episode, TRM's Ari Redbord and Angela Ang are joined by Joni Pirovich at BADAS*L, Brad Brown at AUSTRAC, and Steve Vallas at Blockchain APAC to discuss crypto regulatory developments in Australia.

Earlier this year I was part of a panel at Mumbrella CommsCon 2023 to discuss "how to profit with purpose". I joined three leaders in Australia's communications industry – all women, movers and shakers; founders and leaders of their respective Communications Agencies. The discussion we had was a good one, but barely had time to scratch the surface of such an important topic within an industry that has such influence and leverage.  So I invited them to join me on the podcast to take a deeper dive into the topic. I managed to get two of them into the interview. The third, Simone Gupta, who is co-founder of a new independent creative agency, Supermassive, helped us shape the subject but unfortunately couldn't make the actual interview on the day. My two guests in this interview are  Joanne Painter - Co-founder & Group Managing Director of Icon Agency Dena Vassallo - CEO and Founder of SOCIETY   Joanne Painter Co-founder & Group Managing Director of Icon Agency Joanne has over 30 years of experience across media, strategic communications and public relations. She was recently named ‘2022 PR Agency Head of the Year' in the prestigious PR Asia Awards. Formerly a senior journalist with The Age, Joanne now consults to Icon's government and corporate clients in Australia and across the Asia-Pacific, including Salesforce, Schneider Electric, ADP, the Department of Foreign Affairs and Trade, the Department of Defence, AUSTRAC, the Department of Education and the National Library of Australia.    Dena Vassallo CEO & Founder of SOCIETY SOCIETY is an independent, female-led creative agency with a fresh and brave approach to marketing communications. SOCIETY puts people at the heart of everything they do, and works to support brands and organisations that are positively shaping the societies in which we live, work, and play.  Dena lives her values of environmentalism and female representation and empowerment through her work on the board of Green Adelaide and as the Chair of She Creates.   In this interview, the rabbit hole we go down is, I believe, a really important one...the power of brands to lead positive change within business. But it's actually more than that – this interview is about brands leading societal progress. Our conversation expands to leadership, the risk of inaction, the need for bravery and how brands and leaders can move forward with their purpose agenda. It's a rich conversation with two brilliant women who are driving change through their industry. I hope you enjoy it. Highlights of this interview: Brands – the benefits of emotional characteristics over functional in building brand saliency and resilience; and the impact of a brand on building connection and belonging  Who leads purpose and ESG standards within an organisation? Why brand leadership is so important to building a purpose-led economy. The importance of the SME community to embrace ESG standards to meet Australia's ESG targets, as well as to position themselves for the supply chain needs of large organisations Bud Light and Dylan Mulvaney – a case study of how to damage a brand through inauthentic cause marketing/purpose washing and a failure of leadership Unilever ANZ's B Corp Certification – how Society approached PR and Comms announcing this achievement Joanne and Dena's advice to business leaders who are holding back on leading with purpose because of fear of the risks   Connect with Dena Linkedin Email Society website   Connect with Joanne Email Linkedin Icon Agency website    

US markets experienced a general decline last week as they absorbed fresh inflation data and evaluated the future trajectory of the Fed's interest rates. The Dow increased by 105 points (+0.30%) on firday, reaching its peak with a gain of 179 points, but also experienced a low point with a decline of 116 points. The S&P 500 registered a slight decrease of 0.11%, while the NASDAQ faced a more significant loss of 0.68%. This decline was attributed to a sell-off in shares of companies like AMD (-2.4%), Micron (-1.6%), and Nvidia (-3.6%), resulting in their second consecutive week of losses. The rise in produce prices, which reflect the costs paid by wholesalers for raw materials, was 0.3% MoM, marking the most substantial increase since January and surpassing the expected 0.2%. This development led to speculations that the Fed might need to maintain higher interest rates for an extended period.Russell 2000 +0.13%, down 1.65% for the week.US Michigan consumer sentiment edged lower to 71.2 in August from 71.6 in July, beating expectations of 71.USD Dollar Index hits a five-week high of 102.86, boasted by a higher-than-expected rise in producer prices.HEADLINESASX set to fall as earnings, wage costs, jobs data top agenda.Sluggish US earnings may need pick-me-up to support 2023 stock rally.Stocks fall, yields rise after hotter than expected inflation reading.Contact Energy declares NZ21¢ final dividend.SkyCity books $45m provision for potential AUSTRAC penalty.Goldman's final take on US second-quarter results.Be wary of the dovish inflation narrative: Scotiabank.Earnings to gather pace this week.China condemns visit of 'troublemaker' Taiwan VP to US.US, China agree to double weekly flights between countries.Novo eyes other health benefits from weight-loss drug Wegovy after major trial.Trump heading for Republican 'coronation' as 2024 rivals struggle to stop him.SoftBank in talks to buy Vision Fund's 25% stake in Arm -sources.Why not sign up for a free trial? Get access to expert insights and research and become a better investor.Make life simple. Invest with Marcus Today.

On this week's episode of the Unnatural Selection Podcast, we discuss: As it happened: Ben Roberts-Smith's major court loss, costs will 'follow inevitably'. Afghanistan war crime allegations prompted US warnings about cooperation with Australia. AFL ends Hawthorn racism inquiry, with ‘no adverse findings' against coaches. Crown Resorts and AUSTRAC agree to $450 million fine over money laundering breaches. Alexander Lukashenko offers 'nuclear weapons for everyone' joining Belarus-Russia union. Recep Tayyip Erdoğan​​​​​​​ declares victory over opposition leader Kemal Kılıçdaroğlu in Türkiye's presidential run-off election. Experts say new spotting of accused Russian spy whale proves he just wants companionship. The Unnatural Selection podcast is produced by Jorge Tsipos, Adam Direen and Tom Heath. Visit the Unnatural Selection website at www.UnnaturalShow.com for stuff and things. The views expressed are those of the hosts and their guests and do not reflect those of any other entities. Unnatural Selection is a show made for comedic purposes and should not be taken seriously by anyone. Twitter: @JorgeTsipos @TomDHeath @UnnaturalShow   Instagram: @JorgeTsipos @Tom.Heath @UnnaturalShow  

Hello, and welcome to episode 61 of the Financial Crime Weekly Podcast, I'm your host, Chris Kirkbride. It's been a decent week this week, with a good range of money laundering stories, some bribery and anti-corruption news, and the usual round-up of cyber-attack news, with continuing repercussions for Latitude and Capita. Let's crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Austrac, AUSTRAC and Crown agree to proposed $450 million penalty.Entain Group plc, Update on HMRC Investigation (press release).European Banking Authority, EBA consults on amendments to the Guidelines on money laundering and terrorist financing risk factors to include crypto-asset service providers.European Parliament, MEPs propose reforms to protect democratic institutions and Parliament's integrity.European Parliament, Group leaders endorse first steps of parliamentary reform.European Public Prosecutor's Office, Lithuania: 27 arrested in probe into fraud involving up to €750 000 in funds for young farmers.Financial Action Task Force, Consolidated Assessment Ratings (updated).Financial Action Task Force, Qatar's measures to combat money laundering and terrorist financing.Financial Action Task Force, Mutual Evaluation Report: Qatar.UK Financial Conduct Authority, Do the right thing: Speech by Therese Chambers, Joint Executive Director of Enforcement and Market Oversight at the FCA.UK Financial Intelligence Unit, Guidance on submitting better quality Suspicious Activity Reports (SARs).UK Insolvency Service, Warning issued by the Insolvency Service on scams.UK Office of Financial Sanctions Implementation, The UK Sanctions List.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.UK Office of Financial Sanctions Implementation, Financial Sanctions Russia: Updated.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Somalia.UK Office of Financial Sanctions Implementation, Financial Sanctions Somalia: Updated.UK Office of Financial Sanctions Implementation, Trust Services Sanctions – 5 months on (blog).UK Office of Financial Sanctions Implementation, Sanctions: Trust Services (Guidance).UN, Security Council Extends Sanctions on South Sudan for One Year, Adopting Resolution 2683 (2023) by 10 Votes in Favour, with 5 Abstentions (press release).US Office of Foreign Assets Control, Treasury Sanctions Iranian Company Aiding in Internet Censorship.

This week witnessed Crown Resorts and AUSTRAC agree to A$450m penalty over Anti-money laundering failings and SkyCity being instructed to appoint an independent monitor to oversee its Adelaide venue. The latest news down under continues a worrying trend of regulatory issues, investigations and fines in Australia, mainly relating to Crown and Star Entertainment.In today's episode of iGaming Daily, sponsored by SBC Summit Barcelona, James Ross is joined by CasinoBeats Editor Craig Davies, who has been covering the issues since it first broke almost three years ago, to go through all things Australia and casino operations.To read more on Crown's AML fails, click the following link - https://casinobeats.com/2023/05/30/crown-resorts-austrac-a450m-penalty/Later this year, SBC Summit Barcelona will return between 19-21 September at the Fira Barcelona Montjuïc where one panel, entitled 'Sports & sponsorship landscape - growth markets and partnerships', will explore newer markers, as well as discussing how to increase properity in the European market. Click the following link for more information - https://sbcevents.com/sbc-summit-barcelona/

ASX 200 closed down 118 points to 7091 (-1.6%), plunging at 11:30 on the CPI release, which came in hotter than expected, and Chinese PMI numbers which continue to show an economy that has peaked and slowed. Energy the worst-performing sector today; markets remain divided and uncertain on whether OPEC+ will cut production at the upcoming meeting, with WDS down 2.3%, STO down 2.7%, and BPT sliding 2.5%. Resources and base metals no better as oil comes under pressure following the weaker-than-expected data from China, BHP -3.4%, RIO -2.1% and FMG down 3.0%. Gold miners are in positive territory today on safe-haven buying, NST +1.7% and AGG gaining 2.7%. Financials weighed, with the Big Bank Basket down to $166.35 (-2.3%), BOQ took a beating down 5.4% after accepting an enforceable undertaking from both AUSTRAC and APRA, while the big four banks are all down over 2%. REITS falling in tandem with bond yields. Interest rate-sensitive tech stumbled lower, with the All-Tech Index falling 0.5%, SQ2 -1.8%, NXT -1.0% and CPU off 1.3%. Industrials were broadly down, and Healthcare eased, RMD down 2.3% and RHC off 1.7%. In corporate news, QAN continues to fly, up 0.9% as the market continues to digest an upbeat investor day. SLR -1.9% provided St Barbara with a revised non-binding indicative offer, and 360 +1.0% on positive Q1 results at their AGM. In economic news, Australian inflation rose to 6.8% YoY in April up from 6.3% in March, significantly exceeding expectations of 6.4%. China's PMI showed further deterioration in manufacturing activity, coming in at 48.8 below the consensus of 49.5 and 49.2 the previous month, commodity prices coming under pressure. Asian markets down, Japan down 1.3% and HK off 2.4% with China sliding 0.6%. Australia 10Y yield down to 3.59%. Bitcoin set for first monthly drop in 2023 down 1.66%. Dow Jones futures down 121 points and Nasdaq futures down 44 points.Why not sign up for a free trial? Get access to expert insights and research and become a better investor. Make life simple. Invest with Marcus Today.

It was a very muted session on the ASX yesterday as the market quickly overcame the boost from US debt ceiling negotiations ending in an agreement to be presented to congress, and investors shifted focus ahead to next week's rate hike decision out of the RBA and the potential for inflation to remain stickier down under for a little while longer.The ASX fell 0.11% on Tuesday weighed down by a 0.88% fall in the REIT sector, while communications services stocks rose 0.62%.Paladin Energy tanked over 20% on Tuesday before being put into a trading halt as investors fled the uranium miner on rumours that Namibia may follow the Chilean government move to nationalise some mining assets. Paladin's Langer Heinrich Mine is in Namibia which is why investors fled the stock yesterday. The sell-off in miners with operations in South Africa extended to Syrah Resources who's Balama Graphite operation is in Mozambique which is in the same region as Namibia. AUSTRAC and embattled casino giant Crown proposed an agreed $450m penalty to Crown to cover breaches of anti-money laundering laws at the company's Melbourne and Perth casinos. The matter will be heard in court on July 10 to July 11. On the economic data front yesterday, building approvals in Australia sunk 8.1% month-on-month in April and down 25.5% year-on-year, with private sector houses down 3.8%. The market was expecting a rise of 2%, but the sharp decline of 8.1% takes approvals for new home builds to the lowest level in 11-years, in a sign that appetite for building investment properties remains weak and will continue dragging on the economy.Over in the US, stocks rallied in the early hours of trade as investor sentiment was high following the initial agreement being reached over the debt ceiling crisis. Tech stocks were the top performers led by an AI stock rally after Nvidia became the first chipmaker to join the trillion-dollar market capitalisation club last week. In afternoon trade the key indices pulled back as investors kept a close eye on the Fed's debt ceiling debates and also on the outlook potential for another rate hike out of the Federal Reserve next month, with the Dow Jones closing Tuesday's session 0.1% lower, while the S&P500 closed flat and the tech-heavy Nasdaq rose 0.3%.What to watch today:Ahead of the local trading session here in Australia the SPI futures are anticipating the local index to open 0.5% lower on dampened global sentiment over the passing of the debt ceiling through congress.On the commodities front this morning, oil has plunged 4.47% to trade at US$67.73/barrel ahead of OPEC+s meeting this Sunday and amid the US debt ceiling saga. Gold is up 0.81% at US$1958.61/ounce and iron ore is up 2.45% at US$104.50/tonne.AU$1.00 is buying US$0.65 cents, 91.81 Japanese Yen, 52.95 British Pence and NZ$1.08Trading Ideas:Bell Potter has increased the price target on Clarity Pharmaceuticals (ASX:CU6) from $1.35 to $1.40 and maintain a speculative buy rating on the clinical stage radiopharmaceutical company following a report out of the company on progress in its latest clinical trial investing the use of its proprietary radiopharmaceutical for the treatment of metastatic castrate resistant prostate cancer. The update outlined Cohort 1 dosed 6 patients and the treatment was well tolerated, and Cohort 2 will now commence at a higher dose of the treatment.Trading Central identified a bullish signal on Service Stream (ASX:SSM) on the 30th of May following the formation of a pattern over a period of 16-days which is roughly the same amount of time the share price may rise from the close of $0.64 to the range of $0.73 to $0.75 according to standard principles of technical analysis.

The world's largest primary bullion producer, Australia's Perth Mint, has found itself at the centre of one of the country's biggest risk and compliance failures following a six-month investigation led by Thomson Reuters Regulatory Intelligence. The government-owned entity has found itself defending regulatory spot fires on a range of fronts. These include a major money laundering audit, answering parliamentary questions about sub-standard gold deliveries to Shanghai, defending a failure to register as a remitter in breach of criminal laws, and explaining a 25-year failure to comply with U.S. commodities laws.The internationally renowned mint has also come under scrutiny from the world's largest gold market, following allegations that the Perth Mint failed to prevent money laundering and terrorism financing through its precious metals supply chain. The London Bullion Market Association's review into Perth Mint will look at a range of "responsible sourcing" concerns, including compliance with international anti-money laundering, terrorism financing and sanctions laws. The state-owned Perth Mint has exposed taxpayers to a potential billion-dollar penalty for systemic anti-money laundering compliance breaches of federal law on thousands of occasions. This includes at least 5,000 strict liability cross-border funds transfer reporting offences. The penalty for the international funds transfer instruction (otherwise known as IFTI) reporting breaches carries a theoretical A$105 billion upper limit if AUSTRAC, the Australian Transaction Reports and Analysis Centre, chooses to litigate. AUSTRAC has ordered an independent expert to examine a raft of other breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The case has now become a major political issue, with Opposition politicians and media commentators calling for an urgent royal commission into the mint's governance failures.From Regulatory Intelligence (behind paywall):Perth Mint in breach of U.S. commodities laws for 25 years, says internal report: http://go-ri.tr.com/kUtsCpPerth Mint's woes deepen as London Bullion Market Association investigates supply chains, laundering: http://go-ri.tr.com/BrpH9eOUTLOOK 2023-Australian regulators begin year with huge enforcement case load: http://go-ri.tr.com/sJ1aR3EXCLUSIVE: Perth Mint knew about AML problems in March 2021 -internal documents: http://go-ri.tr.com/gRjcODPerth Mint in AUSTRAC's crosshairs over suspected money laundering breaches: http://go-ri.tr.com/gqGstxANALYSIS: How a government became embroiled in a billion-dollar criminal gold laundromat: http://go-ri.tr.com/CPkOrZPerth Mint may have exploited registration loophole in AML/CTF Act, says WA government: http://go-ri.tr.com/W4Kw6JPremier speaks out on WA government's gold laundering scandal: http://go-ri.tr.com/sLwEEXGovernment taking gold laundromat allegations "very seriously", says WA Premier: http://go-ri.tr.com/sLwEEX Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.

Australian gambling giant Star Entertainment Group was last month fined A$100 million for failing to stop money laundering at its Sydney casino. The group's licence to operate the casino has also been suspended. Casino operators in Australia have been under great pressure to reform their gambling operations following reports of widespread criminal activity. The record penalties were announced in response to a damning inquiry in New South Wales (NSW) earlier this year. The Star is not alone. There has been misconduct at various casinos around Australia in recent years, including at those owned by the country's largest gaming and entertainment group - Crown Resorts. It was fined A$80 million by Victorian gambling authorities earlier this year for its failures to stop criminal activity. It is also in litigation with the country's feared AML/CTF agency, AUSTRAC, which is known for handing down billion-dollar penalties. In this episode Alexander Robson, managing editor, Regulatory Intelligence, is joined by Nathan Lynch, APAC managing editor in Perth, and Niall Coburn, senior regulatory intelligence expert in Brisbane, to discuss the failures at the casinos, what needs to happen next and they offer lessons well beyond Australia. Articles on Regulatory Intelligence (subscription needed) COLUMN: Star casino report highlights gaps in Australia's criminal intelligence http://go-ri.tr.com/PeqrM3 COLUMN: Queensland Star casino inquiry will consider compliance problems exposed in other states http://go-ri.tr.com/4BKu4c IMPACT ANALYSIS: Australian casinos – no consequences for directors despite widespread corporate governance failings http://go-ri.tr.com/Y8hCKO Star inquiry slates casino's Chinese payment card AML workaround http://go-ri.tr.com/B44iIm AUSTRAC defends billion-dollar penalties as crucial deterrent against corporate apathy http://go-ri.tr.com/VOkA5B No paywallAustralia casino operator Star found unfit for Queensland licence https://www.reuters.com/business/australia-casino-operator-star-found-unfit-queensland-licence-2022-10-06/ Money laundering through the gambling industry https://baselgovernance.org/sites/default/files/2022-09/QG28%20gambling.pdf Junket tour operations in Australia https://www.austrac.gov.au/sites/default/files/2020-12/JTO_2020_FINAL.pdf The Compliance Clarified podcast series covers the wide range of topics which affect compliance officers in financial services firms. The series has been designed to help compliance officers make sense of the often-challenging world of financial services regulation, which is now overlaid with expectations not found in the black and white of any rulebook. The role and remit of the compliance officer is ever-growing, and senior compliance officers have had to become polymaths, mastering not only detailed subject matter expertise but also the qualitative mysteries of culture and conduct risk. Compliance Clarified covers the hot topics of the day and the challenges they bring, and aims to offer up practical ideas for emerging good practice.

Two of Australia's biggest betting agencies, Sportsbet and Bet365, may face multimillion-dollar fines following after an audit authorised by Australia's financial crime watchdog.   Airbnb has broken one of its own financial records after a huge northern hemisphere summer… but now, investors are little more concerned about its prospects.   Johnson & Johnson is buying a heart device maker named Abiomed for around $17B USD in its biggest deal in almost six years.   ---   Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance   ---   The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Kimberley Cole talks with our first Risky Man Nathan Lynch, a regulatory intelligence professional and author of The Lucky Laundry. They discuss the real world outcomes of financial crime, the status of Australia and how compliance and risk professionals are critically important to prevention. SHOW NOTES 01:41 Career Journey 12:04 The Lucky Laundry Book 16:56 Australia Situation & AUSTRAC 29:06 Role & Skills for AML Pros 36:05 Rants & Revelations 41:55 Recommendations Transcript and more: https://www.riskywomen.org/2022/10/podcast-s5e6-the-lucky-laundry-nathan-lynch/

Changes to the way you report the cross-border movement of monetary instruments of AUD10,000 or more (or foreign currency equivalent) to AUSTRAC took effect on 17 June 2022. This feature explains more - வெளிநாடு பயணிப்பவர்கள் எடுத்து செல்லக்கூடிய பணம் மற்றும் Cheque போன்றவற்றின் வரம்பு குறித்த விதிமுறையில் மாற்றம் சமீபத்தில் அறிமுகமாகியுள்ளது. இது குறித்த விவரணம், தயாரித்து வழங்குகிறார் செல்வி

TW: Sex trafficking, Eating disordersToday we are looking at an absurd document released earlier this year by AUSTRAC. For Shit People Say, Jenna and Holly both go on rants about supposed “compliments”, our Misconception is that sex work is easy, and the Question of the Week is a doozy (TW: ED for the Question) 1:49 Main Segment: AUSTRAC's Guide to Detecting and Stopping Forced Sexual Servitude29:05 Shit People Say: “Learn to take a compliment” 46:25 Misconception: Sex work is easy, a lazy option52:17 Question of the week: Do you report her to the site to try to help her or leave her be to earn a little money?The AUSTRAC Guide: https://www.austrac.gov.au/sites/default/files/2022-02/AUSTRAC_FCG_DetectingAndStoppingForcedSexualServitude_web.pdfPatreon (from $3AUD/month): http://www.patreon.com/somebodyyoupodInstagram: http://www.instagram.com/somebodyyoupodTwitter: http://www.twitter.com/somebodyyoupodFacebook: http://www.facebook.com/somebodyyoupodSomebody You Love is sponsored by Assembly Four, empowering sex workers through technology: https://assemblyfour.com/ For more info on sex work in Australia, please check out the following organisations: Scarlet Alliance: https://www.scarletalliance.org.au/ACT (SWOP ACT): https://meridianact.org.au/swop/NSW (SWOP NSW): https://swop.org.au/NT (SWOP NT): https://www.ntahc.org.au/swopntQld (Respect Inc): https://respectqld.org.au/SA (SIN): http://www.sin.org.au/sindex.htmlTas (Scarlet Alliance): https://scarletalliance.org.au/links/Vic (Vixen Collective): https://www.vixencollective.org/vcWA (SWEAR): http://sexworkerrightswa.org WA (Magenta): http://magenta.org.auSupport the show (https://www.patreon.com/somebodyyoupod)

Last year in the pandemic a lot of people withdrew their superannuation under the Early Release Scheme. For many, it was a lifeline to cover food, rent and pay down debt in case things got worse. For others, it was about replacing an ageing car, or trying to save or even start a business. And surprise, surprise, overall it's worked out worse for women than for men. Plus, cuckoo smurfing — what it is, how to spot it, how to make sure it doesn't happen to you.Guests:Shane Oliver, Chief Economist, AMP CapitalMelissa Birks, General Manager, Advocacy, The Australian Institute of Superannuation TrusteesGillian Kilgour, MetalSmiths Jewellery CollectiveTamika Hicks, Manager and Founder, Cardinia lakes Early Learning CentreMarcus Erikson, Director of Intelligence, AUSTRAC

In the fourth episode of the Compliance Clarified podcast Susannah Hammond, Brett Wolf and Nathan Lynch discuss the evolving impact of financial crime on financial services firms and their compliance officers. The wide-ranging conversation ranges from the changing stance on sanctions coming from the U.S. to the recent actions of the global AML-standard setting Financial Action Task Force which has vowed to continue to crack down on opaque transactions tied to cryptocurrencies such as bitcoin. Ransomware, the use of technology and the implications of the U.S. AML Act of 2020 also all feature. As discussed in the podcast here are a selection of articles by Brett and Nathan: Colonial Pipeline hack highlights blockchain activityhttps://www.linkedin.com/posts/amlwolf_colonial-pipeline-hack-highlights-blockchain-activity-6806178253544460288-_IEQ Senior Biden administration official discusses approach to sanctions https://www.linkedin.com/posts/amlwolf_senior-biden-wh-official-discusses-sanctions-activity-6806178505458536448-ltDD Inside AML: How Australia's banks joined forces to break open a “cuckoo smurfing” syndicatehttps://insight.thomsonreuters.com.au/business/posts/inside-aml-how-australias-banks-joined-forces-to-break-open-a-cuckoo-smurfing-syndicate FinCEN leaks expose personal risk of AML/CTF compliance enforcementhttps://insight.thomsonreuters.com/mena/business/posts/fincen-leaks-expose-personal-risk-of-aml-ctf-compliance-enforcement Public-private sectors must work together to restore trust, manage risks post-COVIDhttps://insight.thomsonreuters.com.au/business/posts/public-private-sectors-must-work-together-to-restore-trust-manage-risks-post-covid New Zealand central bank has failed on AML/CFT supervision, says FATFhttps://insight.thomsonreuters.com.au/business/posts/new-zealand-central-bank-has-failed-on-aml-cft-supervision-says-fatf WEBINAR: Beyond the FinCEN files: Building a better framework for financial intelligencehttps://insight.thomsonreuters.com.au/business/resources/resource/webinar-beyond-the-fincen-files-building-a-better-framework-for-regulatory-intelligence FinCEN leaks highlight need for “radical” approach to tackling financial crimehttps://insight.thomsonreuters.com.au/business/posts/fincen-leaks-highlight-need-for-radical-approach-to-tackling-financial-crime Cash Converters in AUSTRAC's gunsights, as regulator sizes up next enforcement targetshttps://insight.thomsonreuters.com.au/business/posts/cash-converters-in-austracs-gunsights-as-regulator-sizes-up-next-enforcement-targets

Our Friday episode is our interview episode and today we dive into the world of international money laundering... something a bit different for the show but one that is fascinating.Aron Cranenburgh is our podcast guest. Aron is a former AUSTRAC Senior Intelligence Analyst with 12 years' experience in Financial Crime, Economics, and Education. While at AUSTRAC, intelligence produced by Aron led to several significant operational outcomes (e.g. arrest/convictions, asset forfeitures, civil penalties, and disruptions).Aron can be contacted on - https://www.amlrisksolutions.com.au/In today s disruptive world, good leadership skills will always stand you in great stead. If you are looking to build better leadership skills, consider our sponsors. Think & Grow Business and the Coach Curl Academy.Think & Grow Business the home of the Think & Grow Business Mastermind, where we focus on personal, professional, and business growth. Check out thinkandgrowbusiness.com.auThe Coach Curl Academy has over 75 programs to help you build a better you. Join for just $1 for the first month. The Academy that equips you and enhances your mindset, leadership, and business. Check it out at thecoachcurlacademy.comYou are standing Stronger, Braver, and Wiser. Don t forget the golden rule – Don t be an A-Hole

Westpac is mired in scandal after allegations it committed 23 million money laundering breaches, some linked to child exploitation. Should the financial crime regulator AUSTRAC be better resourced to stop this happening again? 

【人社部首次公布100个短缺职业排行】11月21日，中国就业培训技术指导中心发布《2019年第三季度全国招聘求职100个短缺职业排行》，这是全国层面首次汇总发布人力资源市场招聘求职短缺职业排行。排行显示，营销员、收银员、餐厅服务员、保安员、保洁员、商品营业员、家政服务员、车工、焊工、装卸搬运工排名前十。（中新网） 【黄奇帆谈控房价，决不允许“背个银行”炒地皮】中国国际经济交流中心副理事长黄奇帆21日在创新经济论坛上指出，炒高房子价的主要动力就是炒地皮，控房价决不允许炒地皮。任何房产商买土地，批租土地，必须自有资本，而不能后边“背个银行”。只要把土地地价控制了，房价不会上去的。（国是直通车 ） 【艾媒咨询：2022年刷脸支付用户将达7.6亿】艾媒咨询昨日发布《2019年中国刷脸支付技术应用社会价值专题研究报告》。报告显示，在移动支付市场规模逐渐扩大以及人脸识别技术发展渐趋成熟的背景下，2019年成为刷脸支付的“元年”，刷脸支付用户有望增至1.18亿人，并保持高速增长，到了2022年将突破7.6亿人，届时将取代扫码支付成为主要支付方式。 【牛津词典年度词汇公布：气候紧急事件】据《卫报》报道，《牛津词典》宣布“气候紧急事件”（climate emergency）为2019年年度词汇。牛津词典将其定义为“需要采取紧急行动以减少或停止气候变化，并避免由此造成的不可逆转的环境破坏。至此，三大英文词典年度词汇均聚焦气候变化 ：“升级回收”(upcycling)和“气候罢工”(climate strike)分别是剑桥词典和柯林斯词典的2019年年度词汇。 【2019胡润套现企业家30强：马云家族一年套现40亿】2019胡润套现企业家30强发布，30位大陆企业家过去一年共套现918.5亿，为历年最多的一次。华夏幸福52岁的王文学套现131亿位列榜单第一位；广东企业家上榜仍然最多，共有9位；许家印，杨惠妍等地产大佬纷纷上榜。而去年排名第一的马云家族通过减持美股上市公司阿里巴巴的部分股权，套现40亿元，今年位列榜单第6位。（胡润百富） 【知名妖股闪崩98%，市值蒸发450亿！】作为一家拥有中国最大的大理石矿山及分销网络的大理石生产商，雅高控股今年以过山车般暴涨暴跌的行情成为2019年度最知名妖股。11月21日，雅高控股一度大跌98.18%。上午11：04起，公司股票暂停交易。停牌前报0.305港元，仍有97.94%的跌幅，450亿港元市值蒸发。某市场人士表示，该股极有可能是一只庄股，该股流动性太差，去年一年才成交2.14亿元。（21财经） 【超越工商银行 贵州茅台流通市值跃居A股榜首】11月21日收盘，贵州茅台股价下跌0.2%，工商银行股价下跌1.21%。根据wind数据，贵州茅台A股市值（不含限售股）近1.5468万亿元，超过工商银行1.5449万亿元的不含限售股市值，跃居A股流通市值第一。 【乐视网被要求回购普思投资A+轮和B轮股权】昨日，乐视网公告称，公司于近日收到《北京仲裁委员会裁决书》，作为被申请人之一，被要求回购北京普思投资有限公司A+轮和B轮股权。企查查数据显示，北京普思投资由王思聪担任董事长并持股100%。 【部分债权人要求法院驳回贾跃亭破产重组申请，或转为破产清算】11月13日，上海懒财资产管理公司提交申请，要求驳回贾跃亭依照美国破产法第十一章申请的破产重组。对此，11月21日，贾跃亭债务处理小组方面表示，如果懒财方面的诉求获得通过，那么贾跃亭个人破产重组将无法实施，并将被迫转为个人破产清算。（澎湃） 【王思聪再被限制消费 此前刚被取消限制消费令】中国执行信息公开网显示，11月19日，王思聪被北京市第二中级人民法院发布限制消费令。北京市第二中级人民法院于2019年11月04日立案执行申请人嘉兴璟字悌为股权投资基金合伙企业（有限合伙）申请执行王思聪国内非涉外仲裁裁决一案，因王思聪未按执行通知书指定的期间履行生效法律文书确定的给付义务，因此北京市第二中级人民法院对其采取限制消费措施。 【暴风集团：人员流失且无审计机构 或无法如期披露年报】11月21日，暴风集团股份有限公司公告称，由于大华会计师事务所业务规模进一步扩大，2019年报审计业务繁重，在时间和人员安排等方面已不能充分满足公司的需求，特告知辞去2019年报审计会计师。暴风集团表示，公司将按照相关规定尽快聘请新的审计机构。由于人员流失严重和暂无合作的审计机构，公司存在无法在法定期限内披露 2019 年年度报告的风险。 【大众汽车明年在华投资40亿欧元，40%用于电动化】大众中国CEO冯思翰在2019广州车展前表示，大众汽车集团明年计划在华投资40亿欧元，其中40%投资于电动化领域。（财联社） 【美国今发放供货华为的首批豁免许可，约占近 300 份申请的1/4】在把华为放入出口管制实体清单六个月之后，美国政府开始发放允许向华为供货的豁免许可，一些已经提交申请的企业将陆续收到审核通知。此举是华为在被列入实体名单数月之后，其美国的贸易对象首次得到官方许可。这意味着，即使对华为的贸易禁令仍然存在，但半导体公司和部分其他公司可以恢复与华为的贸易往来。（麻省理工科技评论） 【英特尔称PC芯片供货吃紧，就发货延迟向客户道歉】当地时间周三芯片制造商英特尔表示，无法跟上CPU市场需求的增长，并称其个人电脑芯片供应仍“极度紧张”。英特尔在一封信中表示：“尽管我们尽了最大努力，但我们仍未解决这一挑战。”该公司在信中还就发货延迟向客户和合作伙伴道歉。 【软银向银行寻求27.6亿美元贷款，为WeWork提供周转】据外媒报道，为了给共享办公创业公司WeWork提供周转资金，软银集团正在洽谈通过日本主要银行融资3000亿日元（27.6亿美元）。软银正计划提出增持WeWork母公司We Co约30亿美元股份。此外还可以通过贷款和其他方式再向We提供33亿美元。 【维密母公司Q3净亏损扩大近6倍 老牌内衣品牌何去何从？】11月21日， 维密母公司L Brands发布第三季度财报。数据显示，在报告期内，L Brands净亏损扩大近6倍，从去年同期的280万美元增长至2.52亿美元；净销售额同比下跌4%至26.77亿美元，同店销售额同比下降2%。L Brands的主品牌维密的业绩也继续恶化。具体来看，维密品牌的销售额为14.12亿美元，去年同期为15.29亿美元，可比销售额下降了2%，这已经是维密品牌第六个季度录得销售额下滑。（新京报） 【51亿美元索赔，苹果和英特尔对软银旗下的“专利流氓”发起诉讼】苹果公司和英特尔公司20日共同对软银旗下的堡垒投资集团提起反垄断诉讼，指控该集团囤积专利，试图拖住科技公司发展，诉讼金额高达51亿美元。英特尔和苹果共同发表声明称，堡垒集团及其下属公司囤积大量专利，但并不研发任何科技产品，只是为了起诉其他科技公司。该行为违反了美国反垄断法。（财联社） 【SpaceX下一代火箭Starship测试版本发生爆炸】11月21日，SpaceX下一代火箭Starship的测试版本在得克萨斯州进行地面测试时发生部分爆裂，喷发出大量气体，使一些硬件四处飞射。SpaceX CEO埃隆·马斯克此前称，测试飞船可能会在接下来的几个月内进行低空飞行，而某些版本的Starship可能会在六个月内到达地球轨道。爆炸发生后，马斯克表示，SpaceX可能不再使用该特定原型，而将使用更新的型号进行飞行测试。 【澳大利亚一银行被指洗钱超2300万次，CEO致歉，或面临391万亿美元天价罚款】11月20日，澳州反洗钱和反恐融资监察机构AUSTRAC称已对西太平洋银行提起诉讼，指控其洗钱超2300万次，未报告的国际资金转移超1950万笔，金额超70亿美元。该银行或面临391万亿美元罚款，相当于2018年全球GDP的近4倍。（国际金融报）