Despite the best efforts of law enforcement agencies, regulators, international government organisations, diplomats and a complex framework of multilateral legislative and cooperative arrangements, the cost of financial crime and money laundering globally and regionally remains …
Despite herculean efforts, countering terrorist financing has proven to be hard. The reasons for that include the complexity of the international financial system, some states’ reluctance to enforce existing measures, and terrorist groups’ ability to …
The recent Commonwealth Bank money-laundering and terrorism-financing scandal provides a couple of important lessons. It highlights the vital role that the private sector plays in fighting crime and terrorism and protecting national security, and it …
De-risking practices initiated by Australia’s financial institutions are inadvertently threatening our national security because they perpetuate high risk unregulated banking channels which allow terrorist groups to move illicit funds without detection. This contemporary phenomenon, also …
Justice Minister Michael Keenan recently launched the Fintel Alliance, a public-private partnership combating money laundering and terrorism financing. The partnership is unique internationally, bringing together 19 public and private sector organisations to counter these dual threats. …
