Anti-Money Laundering and Counter-Terrorism Financing
Money Laundering and Human Rights: What’s the connection and why should we care?
People generally don’t draw the link between money laundering and human rights, so it’s understandable that many may ask, why should I care about this? However, the link becomes clear when people understand that some of the worst criminal activity — often involving the exploitation of children — underpins the practice of money laundering. With […]
AMP’s ‘Me Too’ moment
Toxic workplace culture can infect an organisation like a disease, and sooner or later has the potential not only to cause reputational but commercial damage. A 2018 report by Deloitte quantified the cost of sexual harassment to the Australian economy at $3.8 billion. In an address to the Australian Council of Superannuation Investors conference this week, former […]
Non-compliance is at the heart of the Westpac scandal
Safetrac’s CEO, Deborah Coram, advises in a recent article in The Age, Sydney Morning Herald and other Macquarie Media publications as to the importance of compliance in relation to brand and reputation. The recent Westpac scandal has revealed the importance of compliance and its impact on brand and culture; something that we at Safetrac have spoken about since […]
HSBC AML failures
HSBC made history this week by agreeing to pay a record $1.92 billion in settlement for failing to enforce rules designed to prevent the proceeds of criminal activity finding its way into the financial system. While the huge sum of money ensured sensational news headlines, the Deferred Prosecution Agreement signed by HSBC offers valuable information […]