Attorney-General's Department’s Post

The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 was released today. A momentous occasion for Australian #financialCrimeCompliance professionals. It''s a 171 page which requires an in depth analysis but we know the changes will come into effect between 31 March 2026 and 1 July 2026 Link: https://lnkd.in/gyTC9mz5 #tranche2 #AMLCTF #AMLCompliance

AUSTRAC’s enduring priorities, areas of increased regulatory focus and other focal points for 2024 - what do you need to know? Australia’s anti-money laundering and counter-terrorism financing regulator, AUSTRAC, has released its statement of 2024 regulatory priorities. Learn more about these areas of focus that all regulated entities should pay close attention to, and what AUSTRAC intends to home in on during the next year, in our latest read from Jonathon Ellis, Michael Stojanovic and Henry Wrench:

For those interested in the goings-on of AUSTRAC enforcement, this update’s for you!

The Australian Government is intensifying efforts to combat financial crime, launching the second phase of consultations on proposed reforms to the country's anti-money laundering and counter-terrorism financing (AML/CTF) regime. These reforms aim to align with international standards set by the Financial Action Task Force and target gaps in regulation, particularly in sectors vulnerable to exploitation by criminal networks. https://hubs.la/Q02wM7200

Insights from National Treasury: SA on track but faces uphill battle to shake off Grey listing status. When the FATF grey-listed South Africa in February 2023, a jointly agreed Action Plan was adopted listing 22 action items linked to the strategic deficiencies identified in the country’s anti-money laundering and counter-terrorism financing (AML/CFT) regime. Kindly review the complete article to delve deeper into the three action items that the Treasury has yet to tackle. https://buff.ly/3TiiTAd #ActionPlan #actionitems #FinancialActionTaskForce #greylisting #NationalTreasury #moonstoneinfo #moonstoneupdate #industrynews

On this day of national remembrance, on September 11, 2001, we pay tribute to the 2,977 innocent lives that were lost to terrorism. At Cobeal, we uphold stringent anti-money laundering and anti-terrorism policies to ensure full compliance with international laws and ethical standards. We remain steadfast in our commitment to transparency, integrity, and the rule of law. #standupforjustice #remberance #antiterrorism #anticorruption #justice

Interesting analysis by International Centre for Counter-Terrorism on Nigeria’s recent approach to hold terrorists accountable for #SGBV crimes and what lessons can be learned from it 👇 “There is no one-size-fits-all approach when it comes to prosecuting SGBV crimes committed in the context of terrorism. SGBV crimes can be prosecuted by availing different legal frameworks and sometimes in different jurisdictions, but also by applying different modes of liability. The choice depends on the specific context and available legal frameworks. In Nigeria, the first conviction of a member of Boko Haram for explicitly using the act of rape as a terrorist offence is promising. The Nigerian experience of using the TPA to prosecute crimes that are simultaneously atrocity crimes not only recognised the severity of the offences, but also highlighted the systematic and coercive environment in which they occurred. This approach ensured that justice was pursued despite the limitations posed by the absence of a law implementing the Rome Statute and jurisdictional constraints, setting a significant precedent for future prosecutions of similar crimes.”

🔒 UAE Enhances Anti-Money Laundering and Counter-Terrorism Financing Law; ~ The UAE Government has #amended the Federal Decree-Law on Anti-Money Laundering and Combating the Financing of Terrorism. ~ Key updates include the creation of the #NationalCommittee and the #SupremeCommittee for overseeing anti-money laundering and counter-terrorism financing efforts. ~ The National Committee will be #guided by the Supreme Committee, responsible for #assessing and #enhancing the #effectiveness of anti-financial crime strategies. ~ The decree emphasizes #coordination between the National Committee and relevant entities, ensuring robust support and effective oversight. ~A General Secretariat for the National Committee will be established, led by a Secretary-General who will also #serve as Vice-Chairperson of the National Committee and a #member of the Supreme Committee. #AML #CounterTerrorism #FinancialCrimes #UAE #RegulatoryUpdate

Insights from National Treasury: SA on track but faces uphill battle to shake off Grey listing status. When the FATF grey-listed South Africa in February 2023, a jointly agreed Action Plan was adopted listing 22 action items linked to the strategic deficiencies identified in the country’s anti-money laundering and counter-terrorism financing (AML/CFT) regime. Kindly review the complete article to delve deeper into the three action items that the Treasury has yet to tackle. https://buff.ly/3P4Ji1X #ActionPlan #actionitems #FinancialActionTaskForce #greylisting #NationalTreasury #moonstoneinfo #moonstoneupdate #industrynews

#SAS #TravelSecurity #SecurityServices #Turkey: In a recent investigation by the Chief Prosecutor's Office in Istanbul, authorities have announced the capture of 13 suspects involved with the terrorist group Daesh. The suspects were apprehended during police raids across the city. The operations against Daesh have intensified since the group's attack on an Italian church in Istanbul, resulting in one fatality. Daesh operates a network called Daesh-Khorasan Province (Daesh-K) in Türkiye, which has been actively seeking new methods and recruiting foreign members. However, the National Intelligence Organization (MIT) has successfully thwarted their recruitment efforts, as well as their attempts to obtain funds and logistics support. These recent operations demonstrate Türkiye's commitment to counterterrorism and ensuring the safety of its citizens. #Investigations #Intelligence #Securityservices #Executiveprotection #Securitymanagement #Travelrisk #Travelsecurity #Riskanalysis #Securitylogistic For info: S.A.S. investigations and security Phone: +39 0463 901545 Web: www.sasinvestigation.com Mail. info@sasinvestigation.com