Remarkable Journeys with Jess Fox: Conversations with our clients, people and community. Listen now.
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Does your business provide financial accommodations that involve financing goods or services with repayment later?
Financial accommodations don't have to be direct funding; they can include providing infrastructure, equipment, signage, or short-term leases. Repayment can take various forms, such as purchasing goods, commissions, or profit percentages over time.
If your business offers financial accommodations like these, you might be subject to the AML/CTF Act and need to enrol with AUSTRAC. Since November 2023, penalties for non-enrolment have increased to $18,780 per day. In this webinar, Neil and Katherine delve into the nuances of financial accommodations. Learn how these arrangements, even if they don't involve direct monetary funding, might subject your business to regulations under the AML/CTF Act.
Partner - Consulting
Partner – Consulting
Grant Thornton is pleased to welcome Douglas Foster as a Partner in its Cyber Resilience team. Douglas has joined the team as part of Grant Thornton’s continued investment in strengthening the firm’s capabilities across cyber managed services, security operations and incident response.
In this episode of Beyond the Numbers with Grant Thornton, AML/CTF expert Neil Jeans explores why organisations should assess their exposure, even if they think risk is low, and where businesses can start so they’re in the best defensive position should any issues arise.
Increasingly complex global trade and geopolitical tension mean that knowing your direct suppliers is no longer enough. Organisations increasingly need visibility across the full supply chain. Modern supply chains can be difficult to trace beyond the first few tiers.
