Filter insights by:
Filters applied:
Showing 12 of 51 content results
Revised approach to assessing ML/TF risk
INSIGHT | EXISTING ENTITIES Revised approach to assessing ML/TF risk
Money Laundering / Terrorism Financing (ML/TF) risk assessment is a process of identifying, assessing, and understanding the risks of money laundering and terrorist financing (ML/TF) that an organisation may face. It involves evaluating various factors to determine the level of risk and the implementation of appropriate measures to mitigate those risks.
Neil Jeans
Katherine Shamai
Martin Stone
Annelies Homersham
| 9 min read | 18 Feb 2025
The essential elements of an AML/CTF program
INSIGHT | EXISTING ENTITIES The essential elements of an AML/CTF program
Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) program is crucial for organisations to comply with AML/CTF obligations and requirements. Under the AML/CTF Act 2006, all reporting entities must establish and maintain an AML/CTF program that identifies, mitigates, and manages their money laundering and terrorism financing (ML/TF) risks, and addresses the AML/CTF system and control requirements set out in the AML/CTF Rules.
Neil Jeans
Katherine Shamai
Martin Stone
Annelies Homersham
| 8 min read | 18 Feb 2025
Key Roles in AML/CTF governance
INSIGHT | EXISTING ENTITIES Key Roles in AML/CTF governance
Explore the key roles and responsibilities in AML/CTF governance, including the involvement of the Board, senior management, and compliance officers. Understand the amended AML/CTF Act 2024 requirements, risk management strategies, and the importance of fostering a culture of compliance within organizations.
Neil Jeans
Katherine Shamai
Martin Stone
Annelies Homersham
| 11 min read | 04 Feb 2025
Navigating the cost-of-living crisis: Implications for fraud and cyber risk
Client Alert Navigating the cost-of-living crisis: Implications for fraud and cyber risk
It is a challenging time for many; from a cost-of-living crisis and global political uncertainty, to lingering stress post pandemic. Coupled with business control weaknesses or vulnerabilities, these pressures can create the perfect storm for financial crime to occur.
Kelly Rigby
Matthew Green
Katherine Shamai
| 6 min read | 12 Dec 2024
Are you providing financial accommodations that could create a regulatory exposure?
CLIENT ALERT Are you providing financial accommodations that could create a regulatory exposure?
Learn about the regulatory exposure related to providing financial accommodations and how to comply with the AML/CTF Act. Discover real-world examples and understand the obligations, including AUSTRAC enrolment and how to mitigate financial penalties.
Neil Jeans
Katherine Shamai
| 3 min read | 28 May 2024
The changes aim to simplify and modernise the AML/CTF regulatory framework
Insight More funding for Australia’s AML and Counter-Terrorism efforts
The Australian Government has allocated $167.8m in the Federal Budget to support the implementation of the wide-ranging reforms to the anti-money laundering and counter-terrorism financing (AML/CTF) regime.
Neil Jeans
Katherine Shamai
| 5 min read | 15 May 2024
Ten questions to consider when preparing your Payment Times Report
Insight Ten questions to consider when preparing your Payment Times Report
Recent action from the Payment Times Reporting Regulator – the first such action since the PTR Act commenced three years ago – has highlighted the importance for organisations to ensure that they are compliant with reporting obligations.
Katherine Shamai
Katherine Shamai
| 6 min read | 17 Jan 2024
Accounts payable and payroll employee fraud: identification, detection and prevention
Insight Accounts payable and payroll employee fraud: identification, detection and prevention
Accounts payable and payroll fraud conducted by employees is an issue that can have a negative impact on businesses. Detecting and investigating these types of fraud requires a systematic approach to identify irregularities, gather evidence, and take appropriate action against the perpetrators.
Kelly Rigby
Katherine Shamai
| 7 min read | 16 Nov 2023
Anti-Fraud Awareness: Common Fraud Types, Warning Signs and Fraud Detection
Insight Anti-Fraud Awareness: Common Fraud Types, Warning Signs and Fraud Detection
To minimise the impact of fraud in Australia and globally, we are promoting anti-fraud awareness and education with a series of articles during International Fraud Awareness Week. This article is the first in our series and takes a closer look at the most commonly experienced types of fraud, the warning signs, and fraud detection.
Kelly Rigby
Katherine Shamai
| 4 min read | 13 Nov 2023
Unpacking modern slavery
PODCAST Unpacking modern slavery
In this episode of Navigating the New Normal, Katherine Shamai, Partner in the Risk Consulting team unpacks what modern slavery is and what businesses are required to report in Australia.
Katherine Shamai
Katherine Shamai
| 14 min listen | 23 Oct 2023
Rising risk and financial crime impacting Real Estate and Construction
Insight Rising risk and financial crime impacting Real Estate and Construction
As the Real Estate and Construction industry continues to face increasing costs, thin profit margins, heightened scrutiny and regulatory changes, the potential for fraud and corruption is higher than ever. What measures can your business put in place to best stay protected in the face of rising financial crime?
Katherine Shamai
Neil Jeans
| 28 min read | 05 Oct 2023
The role of social responsibility and governance in shaping the future of clubs
Insight The role of social responsibility and governance in shaping the future of clubs
We recently sat down with NSW Club leaders to discuss Environmental, Social, and Governance (ESG) considerations on the Club industry in the short to medium term. The International Sustainability Standards Board (ISSB) has now released their standard on Sustainability, and Treasury has sent a draft policy on how the standards will be adopted in Australia. Although there is no set guidance at this stage, it is most likely Clubs will need to adopt this standard in FY26.
Peter Woodley
Katherine Shamai
Neil Jeans
Andrew Rigele
| 5 min read | 30 Jun 2023
Load more