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Showing 51 - 60 of 204 results for "Money Laundering"

ClearView uses new anti-money laundering technology

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
ClearView will use Napier technology to fight money laundering activity. The technology will enable ClearView to monitor insights into its customers and identify suspicious behaviour which could be indicative of money laundering more efficiently, while ...

BTC Markets adds to advisory board

ANNABELLE DICKSON  |  TUESDAY, 16 NOV 2021
... depository regime for digital assets, a Decentralised Autonomous Organisation (DAO) company structure, changes to anti-money laundering and counter-terrorism financing guidelines and capital gains tax. The report recommended developing a "token" classification ...

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
... was additional AUSTRAC charges. In FY20, Westpac recorded $2.6 billion of costs related to contravening anti-money laundering and counter-terrorism laws. "Through the year we rebuilt our processes, systems and practices and closed out all the matters ...

Law firm adds financial services partner

JAMIE WILLIAMSON  |  MONDAY, 25 OCT 2021
... Group team earlier this month, based in Sydney. He specialises in financial services, financial markets, anti-money laundering, prudential and general corporate regulation. He has previously advised retail and investment banks, fund managers and corporate ...

Crypto regulation proposed: Bragg

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... depository regime for digital assets, a Decentralised Autonomous Organisation (DAO) company structure, changes to anti-money laundering and counter-terrorism financing guidelines and capital gains tax. The report recommended developing a "token" classification ...

Channel Capital adds Cayman director

KANIKA SOOD  |  THURSDAY, 24 JUN 2021
... offshore financial centres. It will also ensure ongoing compliance with regulatory obligations including anti-money laundering and tax transparency, the firm said. It says the Cayman Islands is the most popular jurisdiction for hedge, private equity ...

AUSTRAC to face scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 24 JUN 2021
... approved yesterday. O'Neill wants the government to look into what she refers to as the failures of Australia's anti-money laundering and counter-terrorism financing regime. She wants to understand whether Australia is particularly attractive to international ...

AUSTRAC investigates NAB, JBWere

KARREN VERGARA  |  MONDAY, 7 JUN 2021
National Australia Bank and its subsidiaries, including JBWere, are allegedly failing their anti-money laundering and counter-terrorism financing obligations, according to AUSTRAC. The financial intelligence agency is investigating NAB's "potential ...

Westpac senior leader departs

ELIZABETH MCARTHUR  |  TUESDAY, 1 JUN 2021
... turbulence for the big bank after it received a record fine from AUSTRAC last year for failing to comply with anti-money laundering and counter-terrorism provisions. The bank announced it would merge its consumer and business division s and combine leadership ...

Former Westpac chief executive in new role

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
... announced in November 2019, after AUSTRAC alleged Westpac was involved in "systematic" non-compliance with the Anti Money Laundering and Counter Terrorism Act 2006 on over 23 million occasions. Westpac eventually paid a $1.3 billion penalty, representing ...