The UAE has continued to implement significant legislative and structural reforms during 2024 in areas including financial crime compliance, whistleblowing, and virtual assets regulation. These ...

AUSTRAC has released its anti-money laundering program starter kits (kits), designed specifically to help small businesses in ...

The Department of Home Affairs has claimed if the Anti-Money Laundering and Counter-Terrorism Financing Amendment and Other Legislation Bill 2019 (AML/CTF Bill) is passed, it has the potential to ...

The external auditor will examine whether the business is complying with key AML/CTF requirements within 6 months.

On 10 November 2017, Justice Perram released his reasoning for approving the A$45 million total penalty that had been agreed between AUSTRAC and Tabcorp (available here). As it is the first judgment ...

Westpac Bank in Australia is facing one of its gravest crises from systemic AML/CTF failures over a 5-year period that contravened the AML/CTF Act on over 23 million occasions. Heads are rolling at ...

Where cryptoasset firms intend to carry out cryptoasset activity in the United Kingdom (UK), and that activity falls within scope of the MLRs, such firms must register with the FCA before carrying out ...

AUSTRAC has ordered the appointment of an external auditor to assess whether payment platform, Airwallex Designated Business Group (Airwallex DBG), is ...

November 2009 This article describes the high level legal and regulatory framework in relation to money laundering prevention in the DIFC including a definition of money laundering and the offences.