Anti-money laundering efforts are based on measuring activity, not results. To cut crime and terrorism, we need a frank conversation about where the system has gone wrong.
Articles on anti-money laundering
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The Commonwealth Bank has agreed to pay a $700 million fine over its inadvertent failure to tackle money-laundering. But the penalty is in line with punishments for far more serious violations by other banks.
Love him or hate him, Donald Trump has shown us a great deal in his short time on the political stage. For that, we should be grateful. Here are the lessons taught by Prof. Trump.
The Australian public may be vulnerable to crime and terrorism directly funded through the Australian banking system.
The government should resist the temptation to soften monitoring efforts aimed at MPs and their families and associates.
Focusing on ‘corrupt countries’ misses the point – it is people who are corrupt and their money flows in and out of shady deals all the time.
Much more can be done to protect Australia’s property market from international criminals seeking to wash their proceeds.
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Senior Lecturer in Business and Commercial Law, Lancaster University
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Associate Professor in Criminology, Macquarie University
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Professor of Law, La Trobe University
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Senior Lecturer, School of Accountancy, Queensland University of Technology
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Lecturer in Fraud and Financial Crime Studies, Charles Sturt University
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Lecturer in Accounting, University of Wollongong
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Professor of Law, Cardiff University
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Law Professor, University of New England
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Associate Professor of Law, Australian National University
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Corporate Law Lecturer, University of Nairobi