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BAE Business Defence Forum Insights

The annual BAE Business Defence Forum held on the 11th September provided  an opportunity to hear from AUSTRAC’s Dr Nathan Newman, National Manager, Regulatory Operations.  A  few “nuggets” of wisdom imparted during the course of his address included: highlighting a subtle shift in AUSTRAC’s regulatory approach from “helping industry to comply” to a more “forward looking appetite for enforcement” particularly where entities put their bottom line above their AML/CTF compliance…

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Basel AML Index 2019 Updated

The Basel Institute on Governance updated its AML Index in August.  The Index measures the risk of ML/TF in countries using data from publicly available sources such as the FATF, Transparency International, the World Bank and the World Economic Forum. The Index (Public Edition) covers 125 countries focusing on the qualify of AML/CTF frameworks, bribery & corruption, financial and public transparency and accountability, and legal & political risks. Overall the…

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Job opportunities…

As always compliance candidates are in short supply. We have two clients on the hunt this week – one in Melbourne and one in Sydney. If you are looking for a compliance or AML CO role get in touch for more information!

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Regulatory updates and insights for the week August 9, 2019

Here is the MWC wrap up of news and events from our global Regulators: APRA APRA has served infringement notices on Westpac Banking Corporation and two of its subsidiaries for failing to meet their legal obligations to report data to APRA (being 28 days late in submitting reports on economic and financial statistics).  APRA requires the Westpac entities to pay a cumulative penalty of $1.5m. Certainly indications that APRA are…

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Weekly Regulatory Update – August 2, 2019

Below is a snapshot of our take on Regulator and Industry Bodies activity globally – let us know if you want to discuss anything in more detail… FATF Did you know it was the 30th Anniversary of the FATF?! The Chinese presidency of the FATF commenced 1 July 2019 to 30 June 2020 and we have just finished reading through the most recent FATF Business Bulletin report which included the…

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Notice of rate increase

We’re proud to be achieving such great results with our clients. In order to ensure we can continue to provide exceptional service, from 1 August our rates will be increasing by 5%. We know that increasing prices can be frustrating, but be reassured that these increases will only apply to new engagements starting on or after 1 August and will not not impact any clients for whom engagements are signed but yet to commence…

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Financial Crime Risk Event in Sydney!

Check out the calendar for a new event just posted! Following on from a successful launch in Melbourne last week, we are hosting a Sydney version of our training and accreditation in financial crime risk event. This event has been organised to provide an opportunity for people who have been tasked with or are interested in training and accreditation frameworks for their financial crime risk teams to meet each other…

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Training and Accreditation Event – Banking Sector

Are you working in the Banking Sector? Does your role involve the development of training or accreditation frameworks for financial crime risk? Should it? If the answer is yes then you need to come along to our next industry networking event! It will be an informal yet informative function to introduce key contacts in the training and accreditation space and encourage collaboration across the sector. Come and hear from industry…

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Link to Refinitiv Australian Regulatory Summit Registration

The annual Refinitiv Australian Regulatory Summit is the key industry event for senior risk, compliance and investment professionals from banks, financial institutions, regulators, exchanges and industry bodies across the region. This year Murray Waldren Consulting will be attending in Sydney and represented on stage by Rachel Waldren who will be presenting some current industry perspectives. If you are interested in attending the summit, we have a link to register –…

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March inCOMPLIANCE® magazine – you really need to read this one!

Now if you are an ICA member this probably won’t come as any surprise to you, but for those of you who aren’t – don’t say we never give you anything… because this month we have an electronic version of the March edition of inCOMPLIANCE® and if you flick to page 25 you can read a featured article by the editorial team at Murray Waldren! That’s right folks, what more…

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