Anti money laundering procedures

In making the allegations last year, Austrac said the bank consistently failed to: Assess and monitor ongoing money laundering and terrorism financing risks; report over 19.5 million International Funds Transfer Instructions (IFTIs) to Austrac over nearly five years for transfers both into and out of Australia; pass on information about the source of funds to other banks in the transfer chain; keep records relating to the origin of some of these international funds transfers; and carry out appropriate customer due diligence on transactions in the Philippines and South East Asia that were related to potential child exploitation risks. … [Read more...] about Westpac agrees to AU$1.3 billion penalty for breaching anti-money laundering laws

Following a two-week trial, US District Court Judge Robert Weir sentenced Iossifov to 10 years in prison for conspiracy to commit a Racketeer Influenced and Corrupt Organizations Act (RICO) offense and conspiracy to commit money laundering. At least 8.5 years of the sentence must be served. … [Read more...] about RG Coins cryptocurrency exchange owner lands 10 years behind bars for money laundering

"The lack of consultation in jurisdictions other than our own are at odds with an industry that seeks to be involved in dialogue with government and regulatory bodies," the submission continues. "While our members are grateful at the key members of the public service and regulators who take time to understand this technology and seek to assist, the lack of clear support from the top and requirements which appear inconsistent with the way blockchains operate, is a blocker to faster growth in jobs in the sector." … [Read more...] about Blockchain Australia asks for ‘nimble’ regulatory regime to help local DLT industry

Netflix While the latter two seasons drop the ball a little in terms of complex themes, season 1 of Jessica Jones is a force to be reckoned with. Somehow managing to be a superhero detective noir, the series entwines subject matter like rape, assault and PTSD into its many facets. Krysten Ritter was the perfect choice to take on the dry, sarcastic, rough-around-the-edges hero who could also be the occasional asshole. With a mind-controling villain like David Tennant's Kilgrave, who can literally tell people to kill themselves, the wall our hero must scale to save the day is absolutely staggering. … [Read more...] about 54 best TV shows to watch on Netflix

Read moreNetflix is testing a regular, old TV channelThe best free stuff while you're stuck at homeFree live TV news to watch now: Stream ABC, CBS, Fox News, CNN and moreTop 100 channels compared across Hulu, Sling TV, YouTube TV, FuboTV, AT&T TV Now and Philo10 ways to save money on streamingHow to cut the cable TV cord in 2020Best free TV streaming servicesBest live TV streaming for cord-cutters: YouTube TV, Sling TV, Hulu and moreBudget hack: Replace Netflix, Apple Music and more with these free alternativesEvery streaming service ranked: Disney Plus vs. Netflix, Amazon Prime, Peacock, HBO Max and HuluWhat to watch on Disney Plus for New Year's Eve … [Read more...] about 54 of the best TV shows to watch on Netflix