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Australian News

Australia accelerates its strategy for a secure and stable Indo-Pacific: PM Anthony Albanese reaffirms commitment at the Inaugural Australia-India Annual Summit and AUKUS March 24, 2023 5:59 am The Times of India Australia continues to punch above its weight in the Indo-Pacific. Australia continues to punch above its weight in the Indo-Pacific. For the United States, it’s about competing geopolitically and maintaining its hegemonic position in the Indo-Pacific; …
TikTok king and The Voice Australia’s Jason Derulo shares a simple equation for happiness March 24, 2023 5:31 am PerthNow He likes to sing his name — as do his fans — and now American joy spreader Jason Derulo has shared a simple formula for happiness. The Acapulco singer is heading to our screens to induce some smiles in his spinning chair as a coach on The Voice Australia. …

World News

Kojonup crash: a woman has had a lucky escape after colliding with a tree Friday afternoon March 24, 2023 6:50 am The West Australian A woman in her 30’s has appeared to escape unharmed from a collision with a tree on Friday afternoon, south of Kojonup. The RAC Rescue Helicopter was deployed to the crash but was soon stood down as it became apparent the woman escaped relatively unscathed …
The problem of vomiting occurs during the journey in the car, it will never happen now, just follow these 5 tips March 24, 2023 6:45 am Hindustan News Hub highlights There are many reasons for motion sickness. Changing the seat and allowing fresh air to enter the car gives a lot of relief. Along with this, motion sickness medicine can be taken after consulting a doctor. New Delhi. Many people have the …

Malaysian News

Stats Dept: Malaysia’s near-term economic prospects expected to face headwinds as leading index decreases by 1.5pc to 108.5 points in Jan 2023 March 24, 2023 5:15 am The Malay Mail Online KUALA LUMPUR, March 24 — Malaysia’s near-term economic growth is expected to face challenges with the leading index (LI) decreasing 1.5 per cent to 108.5 points in January 2023 from 110.2 points in January 2022, according to the Department of Statistics …
Malaysia Recalls Pholcodine Cough Medicines Over Allergy Fears March 24, 2023 4:46 am CodeBlue KUALA LUMPUR, March 23 — The Drug Control Authority (DCA) has cancelled the registrations of and recalled all cough and cold medications containing pholcodine, a cough suppressant, from the Malaysian market. Malaysia’s decision came following similar …

Business News

Financials lead Indian shares lower, IT stocks rebound March 24, 2023 6:43 am Business Recorder BENGALURU: Indian shares opened lower on Friday, weighed down by financials, although losses were capped by a rebound in IT stocks despite Accenture’s warning of weaker client spending. The Nifty 50 index was down 0.11% at 17,057.35 as of 10:03 a.m. IST. …
Hong Kong stocks fall at open March 24, 2023 6:43 am Business Recorder HONG KONG: Hong Kong shares opened with losses Friday morning following three days of healthy gains as traders weighed the latest Federal Reserve interest rate hike and worries over the banking sector. The Hang Seng Index fell 0.65 percent, or 129.99 …

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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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Podcast: First AML CEO Milan Cooper

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