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Compliance Evolution

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Dirty money: How the banks and AUSTRAC are fighting back against financial crime

AUSTRAC cost the country’s two largest banks $2 billion in the space of two years. Now, the feared regulator has its sights set on the National Australia Bank. So what is going on inside the banks?

  • Charlotte Grieve

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Jason Marsham says Australian banks should hire experienced foreigners to improve anti-money laundering operations.

‘Absolutely fundamental’: Financial crime skills shortage sparks calls for law change

There’s a crippling shortage of staff skilled in anti-money laundering compliance but foreigners with experience in this field are still unable to get permanent work in Australia.

  • Charlotte Grieve
EML chief executive Thomas Cregan.

Payments player EML tanks after regulatory hit

The global payments provider has seen more than $800 million wiped off its value after the Irish financial regulator raised concerns about its European operations.

  • Charlotte Grieve

Original URL: https://www.watoday.com.au/topic/compliance-evolution-1n28