Nathan Lynch of Compliance Complete

Australia's largest banks have thrown their weight behind the concept of a shared industry know your customer "utility" for customer identification and verification. read more

The Turnbull government handed Australians an early Christmas present, shelving a deeply unpopular proposal to privatise the ASIC Registry. read more

The Australian remittance sector is pinning its hopes of survival on a new cloud-based platform that promises to allow due diligence on payment providers, their customers and fund recipients. read more

The Australian anti-money laundering regulator has thrown a potential lifeline to the country's bitcoin industry by reiterating that the anti-money laundering and counter-terrorism laws do not support.. read more

The Federal government is considering "double charging" companies for A$260 million worth of annual regulatory fees under its proposed user-pays model for the Australian Securities and Investments Com.. read more

Australian authorities are "tightening the noose" around money laundering involving real estate, amid concerns that inflows of illicit funds into established residential property may be over-heating s.. read more

HSBC Bank Australia has secured an exemption from the "tipping off" provisions of the anti-money laundering regime to help it to comply with its deferred prosecution agreement in the United States. read more

At first glance, the Australian anti-money laundering agency's record A$459,000 in fines against remittance network provider MoneyGram represents a new quantum of penalties in the jurisdiction. read more

Austrac's increasing use of infringement notices in recent months marks a clear change in enforcement strategy at the regulator. read more

Australia's anti-money laundering regulator has warned remittance providers that they must comply with anti-money laundering and counter-terrorist financing obligations if they use unregulated cryptoc.. read more