December 19, 2022 - DailyStraits.com

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News In Brief

December 19, 2022

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Welcome to our ‘News In Brief’ column.

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Making SDGs A Reality

December 19, 2022

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The role of higher educational institutions in making SDGs a reality.

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

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

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

Hot Stocks: Brokerage views on ICICI Bank, Axis Bank, Tata Motors and Hindalco March 24, 2023 5:52 am The Economic Times Global brokerage Morgan Stanley prefers ICICI Bank as well as Axis Bank, JPMorgan maintained a neutral rating on Tata Motors and also has an overweight rating on Hindalco. We have collated a list of recommendations of top brokerage firms from ETNow and …
IT stocks gain in lacklustre trade; here's why March 24, 2023 5:52 am The Economic Times Indian IT stocks rose were in focus on Friday as they rose up to 2% despite Accenture lowering its forecasts for annual revenue and profit and announcing about 19,000 job cuts. Although, analysts believe Accenture's strong outsourcing performance is …

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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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