Cyber Security Bill 2024 Australia
The Cybersecurity Bill 2024 in Australia is a comprehensive legislative initiative aimed at strengthening the nation’s cyber resilience and securing critical infrastructure. This bill is a key part of the…
Failure to Prevent Fraud now covered under the ECCTA
UK Economic Crime and Corporate Transparency Act 2023, is now focussing on the new offence of “failure to prevent fraud.” This legislation holds large organizations criminally accountable if an employee,…
Case Study: The Commonwealth Bank of Australia – Intelligent Deposit machines and the $700m in fines
Introduction The Commonwealth Bank of Australia (CBA) is one of the largest financial institutions in Australia. In recent years, the bank has faced significant scrutiny from regulatory bodies due to…
Starting a business in Europe and the UK
As compliance and risk specialists it is important to find the weakest link. Where are the opportunities to create assets that appear genuine but are not and where can firms…
Risk and Compliance and AI: Striking a balance
We are seeing an explosion of companies speaking about replacing risk and compliance manual work done today by risk and compliance analysts and even 2nd line of Defence roles. Whilst…
Naming Financial crime rules effectively
So, you do a perfect analysis of a fraud pattern, understand the features involved in the rule, and are now ready to implement the rule. Do you give much thought…
The 101: The extended AML Case Studies
A great read for those studying AML or working in the profession: Full credit to https://www.linkedin.com/in/shailesh-gohel/ for this publication
How to get access to INPI Ultimate Beneficial Ownership information in France
France has taken the step to introduce a reduction in the access to its Beneficial Owner Register as currently administered by The National Institute of Industrial Property (INPI). Announce in…
The 101: FATF – Financial Action Task Force
The Financial Action Task Force (FATF) is an intergovernmental organization established in 1989 by the G7 nations to develop policies to combat money laundering. In 2001, its mandate expanded to…
Unusual Activity Detected in a Customer Account: What to Do Next?
An Investigation into a customer’s account has identified that your customer has been involved in suspicious activity. So what do you do next? Do you exit the customer immediately, raise…