Why AML/CTF training must be on your radar in 2017

Compliance training is often seen as a 'tick the box' activity, without much thought being given to the return on investment to be gained. From an AML/CTF perspective, the main point of requiring reporting entities to undertake employee training is not simply to...
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AUSTRAC: Who woke the Sleeping Giant?

Aside from the remittance sector, AUSTRAC's enforcement activity has been relatively dormant over the last few years, occasionally bubbling away like a volcano, quietly active but not posing an immediate threat. Then… BOOM ! - it erupts with force, power and...
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“It was more than just a Coding Error” – CBA and Conduct Risk Management

It has been an extraordinary month for CBA.  One which the other banks, and the market, watched unravel with bated breath. Let’s take a moment to recap. CBA’s initial response to AUSTRAC’s civil proceedings that the alleged misconduct was a “coding error” was...
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