First AML

This is a really great read from the Law Council of Australia. These practical and actionable red flags will significantly help the legal community take decisive action in this critical transition period as #tranche2reforms approach. #LegalEthics #FinancialCrime #AML

Our CEO Milan C. spoke at the Australian Finance Industry Association Risk Summit earlier this month. If you weren't able to make it, here's an amended version of his talk -- handy reading for AU financial institutions as Tranche 2 creeps ever closer. https://lnkd.in/gyBrSAN6

It's time for the c-suite to make AML compliance a top priority🚨 Our CRO, Bion Behdin, shared insights into the critical role that senior leadership plays in ensuring robust AML strategies. From understanding regulatory requirements to fostering a culture of compliance, business leaders have a crucial role in protecting their organisations from financial crime. Read the full article on Corporate Compliance Insights here:  https://lnkd.in/gAS8SHt7

"MLROs and AMLCOs may not see the direct impact of what they are doing, but they're heroes." So explains Matthew Friedman, CEO of The Mekong Club as he tells a harrowing and inspirational story on how AML compliance professionals are at the forefront of stopping human trafficking - slavery, forced prostitution and more heinous crimes. #fraud #compliance #heroes https://lnkd.in/gp7iQ67t

With ACAMS' Australasian Assembly happening this week, we added a creative touch to the heart of Sydney. Our team spread inspiring chalk stencils around the CBD with a little message for attendees on their way in. Compliance professionals, you don't always consider yourselves crime fighters or heroes, but your work in keeping dirty money out of our financial system is critical. By making it harder for criminals to launder money, you directly undermine their ability to profit from nasty stuff like drug and human trafficking. When criminals can't enjoy the profits of their crimes, it becomes less worthwhile. What you're doing might feel like box-ticking, but zoom out and it can make a real difference. Thank you to everyone who joined us in this campaign. Let's continue to work together to catch the bad guys and make our world a safer place. 💪

Another reason to welcome #aml #tranche2reforms; cutting off local organised crime groups from abusing the National Disability Insurance Scheme (NDIS). https://lnkd.in/dW5gWSWC

At First AML, we pride ourselves on simplifying compliance so our clients can get on and do what they're best at. Watch the video to hear Harry Murphy's story (and take a peep at their slide in the background...) #ClientSpotlight #Testimonial #FirstAML #AMLCompliance #CustomerSuccess

“By taking steps to enhance the role of the MLRO, secure AML budgets, integrate technology, and encourage open communication, the C-suite can instil compliance confidence from the top down.” 💡 Responsibility for anti-money laundering shouldn’t fall solely on the MLRO. It is time for the c-suite to prioritise compliance and set a strong example for the rest of the company. Only through this can businesses ensure they have a solid compliance strategy. Our UK Country Manager, Simon Luke, discusses this and more in the article below. Read more on Finextra here: https://lnkd.in/e8ZxQJfv