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Fund managers should be subjected to more rigorous standards.

Australian News

‘This is where they are’: can Australia get to HMAS Armidale – and its lost sailors – before pirates do? April 1, 2023 8:12 pm The Guardian The HMAS Armidale was sinking fast. It had been hit by torpedoes from Japanese bombers. Ordinary seaman Edward “Teddy” Sheean, 18, was wounded but he strapped himself to his anti-aircraft gun. Sheean kept shooting, trying to take down the enemy and keep …
‘Algebra under air raids’: the children in a Ukraine war zone who attend class in Australia April 1, 2023 8:12 pm The Guardian Remote learning isn’t new for Sofiia Yakymenko. The 13-year-old grew up during the Covid pandemic when shutdowns, computer screens and distance learning became normal. But the Ukrainian student wasn’t used to evenings spent on Zoom with teachers in the far …

World News

Top fashion magazine’s oldest artist, 106-year-old tattoo artist given place, know why she is special April 1, 2023 8:27 pm Hindustan News Hub highlights 106-year-old traditional tattoo artist ‘Apo Wang-od’ featured on cover of fashion magazine Wang-od began learning the indigenous tradition of hand tattooing as a teenager This art can only be given to blood relatives Manila, The 106-year-old …
Sundowns crowned league champs without kicking the ball April 1, 2023 8:21 pm Sunday World Mamelodi Sundowns have been crowned the DStv Premiership champions without a lift of a finger after SuperSport United dropped points and played to a 1-1 draw against Chippa United at the Nelson Mandela Bay Stadium on Saturday evening. Matsatsantsa needed …

Malaysian News

Trade between India and Malaysia can now be settled in Indian Rupee April 1, 2023 6:21 pm Odisha Diary Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies. This follows the decision by the Reserve Bank of India in July 2022 to allow settlement of international trade in …
India and Malaysia announce trade in Indian Rupees April 1, 2023 5:05 pm NewsIn Asia By Kallol Bhattacherjee/The Hindu New Delhi, April 1: India and Malaysia have agreed to settle trade in the Indian rupees, the Ministry of External Affairs announced on April 1.. The announcement came in the backdrop of ongoing official efforts to …

Business News

Business News | Foreign Investors Turn Net Buyers in Indian Stocks, Bought Equity Worth Rs 7,936-cr in March April 1, 2023 7:23 pm Latestly New Delhi [India], April 1 (ANI): Foreign portfolio investors (FPIs) have turned net buyers in Indian stock markets after having sold two months on a trot in January and February - data from the National Securities Depository (NSDL) revealed. FPIs have …
BofA reports inflows into global stocks are on a record-setting pace — and ETFs may be a way to play the hot trade April 1, 2023 7:13 pm CNBC There's a corner of the market gaining traction among ETF investors, according to The ETF Store's Nate Geraci. The firm's president finds international ETFs are experiencing stronger inflows. "There is a little bit of performance chasing …

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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

March 11, 2023

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