June 19, 2021 - DailyStraits.com

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Can AI Take Over Accountancy Jobs?

June 19, 2021

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In two minds about a career in accountancy, then read this.

Australian News

Datec receives two awards from business partner Canon Australia March 24, 2023 5:02 am The National DATEC PNG Ltd has been recognised by business partner Canon Australia for two 2022 awards. “Canon Australia recognises outstanding business performance and excellence by announcing winning recipients of its annual Canon Partner Channel awards night in …
Wallabies coach Eddie Jones coy as Sydney Roosters star Joseph Suaalii set to sign with Rugby Australia March 24, 2023 4:43 am Seven News Wallabies coach Eddie Jones has dodged questions about Joseph-Aukuso Suaalii amid reports Rugby Australia has lured the rugby league star to the 15-man code from 2025 on a $1.6 million contract. An elite rugby talent during his days at The Kings School, …

World News

Okoro’s 3-pointer sends Cavs past Nets March 24, 2023 5:04 am Tribune Chronicle - Ohio Cleveland Cavaliers forward Isaac Okoro celebrates with teammates Cedi Osman and Donovan Mitchell, right, after making the game winning shot against the Brooklyn Nets during the second half of an NBA basketball game, Thursday, March 23, 2023, in New York. …
Canfield looks to bounce back from 2022 finish March 24, 2023 5:04 am Tribune Chronicle - Ohio Correspondent file photo / Robert Hayes Canfield senior Ben Slanker, an Ohio University commit, rounds second and heads towards third for a triple last season against Poland. Whenever Canfield takes to the diamond there’s a certain level of expectation …

Malaysian News

Malaysia's Inflation in February Lifted by Cost of Food and Drinks March 24, 2023 4:26 am MarketWatch By Ying Xian Wong KUALA LUMPUR--Malaysia's consumer prices continued to rise in February as prices of food and non-alcoholic beverages jumped. The Southeast Asian nation's February consumer-price index grew 3.7% compared with the same period a year …
Anwar invites business community from Saudi Arabia to invest in Malaysia PM says his govt is committed to making it easier to do business. Bernama 3 h ago ⋅ 15 March 24, 2023 4:20 am Malaysiakini Prime Minister Anwar Ibrahim has called on the business community in Saudi Arabia to invest more in Malaysia now that the latter is under a stable government with clear policies. Talking to hundreds of Saudi and Malaysian businesspeople in Jeddah, he said …

Business News

China stocks fall as rising Sino-U.S. tensions dent sentiment March 24, 2023 5:01 am Financial Post Article content SHANGHAI — Chinese stocks fell and Hong Kong was mixed on Friday, as elevated Sino-U.S. geopolitical tensions dented investor sentiment after U.S. lawmakers on Thursday accused TikTok of serving harmful content as they pushed to ban the app …
Govt deals tax blow to debt mutual funds, AMC stocks under pressure March 24, 2023 4:57 am Business Standard In a move to remove the tax advantage enjoyed by debt mutual funds over bank fixed deposits, the government has proposed to tax gains arising from debt MFs at the investor's slab rate, irrespective of the investment period. Shares of asset management …

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By June Ramli

Australia is currently the most vulnerable country in the developed world to the crime of money laundering. Alongside Haiti and Madagascar, Australia is one of the three countries worldwide that have not implemented Tranche 2, a tightening of anti-money laundering and counter terrorism financing laws that will regulate the law, accounting and real estate industries. With no regulatory framework or government support many Australian businesses don’t know how to best protect themselves and most importantly still don’t realise the risky nature of current processes. Our chat today is going to be with Auckland-based First AML founder and CEO Milan Cooper, whose global company offers a technology solution that helps businesses to protect themselves against crime now.

In this podcast, we discuss:

What is Tranche 2?

Why is Australia lagging behind the rest of the developed world?

Some money laundering scandals that have taken place in Australia and what could have been done to avoid it and much more.

Without further ado, listen to the full interview here.

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