Living In The Lucky Laundry - Nathan Lynch

Thomson Reuters Bureau Chief for the Asia Pacific Nathan Lynch talks about his book The Lucky Laundry which looks at the detrimental impacts of dirty money on people and institutions. The Lucky Laundry by Nathan Lynch can be found at your local bookstore! Resources: Record $45 million civil penalty ordered against Tabcorp: https://www.austrac.gov.au/record-45-million-civil-penalty-ordered-against-tabcorp Austrac and CBA agree to $700 million penalty: https://www.austrac.gov.au/austrac-and-cba-agree-700m-penalty Westpac ordered to $1.3 billion: https://www.austrac.gov.au/news-and-media/our-recent-work/westpac-penalty-ordered AGS Helped on largest civil penalty in Australian corporate history: https://www.ags.gov.au/publications/news/AGS_AUSTRAC_largest_%20civil_penalty_in_%20Aust_history_6Jun18 Fintel Alliance: https://www.austrac.gov.au/about-us/fintel-alliance APRA releases CBA Prudential Inquiry Final Report and accepts Enforceable Undertaking form CBA : https://www.apra.gov.au/news-and-publications/apra-releases-cba-prudential-inquiry-final-report-and-accepts-enforceable APRA releases report on industry self-assessments into governance, culture and accountability: https://www.apra.gov.au/news-and-publications/apra-releases-report-on-industry-self-assessments-into-governance-culture-and Royal Commission into misconduct in the Banking, superannuation and Financial Services Industry: https://www.royalcommission.gov.au/banking#:~:text=The%20Royal%20Commission%20into%20Misconduct,into%20misconduct%20in%20the%20banking%2C Tranche too hard: Australia edges forward with glacial AML/CTF law reform agenda: https://insight.thomsonreuters.com.au/business/posts/tranche-too-hard-australia-edges-forward-with-glacial-aml-ctf-law-reform-agenda AML/CTF ACT: https://www.austrac.gov.au/business/legislation/amlctf-act Money transferred to and from overseas: International funds transfer instruction (IFTI) reports: https://www.austrac.gov.au/business/how-comply-guidance-and-resources/reporting/money-sent-overseas-itfi Tipping off: https://www.austrac.gov.au/business/how-comply-and-report-guidance-and-resources/reporting/suspicious-matter-reports-smrs/tipping#:~:text=A%20breach%20of%20the%20tipping,effect%20on%2017%20June%202021. Podcast: AML & Financial Crimes Congress 2022 Sanctions Edition: https://thegrcinstitute.org/news/view/3193 Save the Date the Annual GRC 2022 Conference being held (online) on Tuesday 11th October 2022 – please save the date in your calendar!