The case of Keppel Offshore and Marine being involved in corruption has wider implications than just the company and those involved. Any bank involved in the transfer of funds used to pay of bribes should be concerned.

Commonwealth Bank of Australia is involved in three actions against it but none will result in any of the directors being made to account for what they knew or didn’t know or did or failed to do to prevent the bank from allegedly being…

Preventing money laundering is no easy feat, not with both the criminal environment, and product and service risks posing as main hindrances. Frankly, it is up to banks and regulators, such as the Australian Transaction Reports and Analysis…

Many Australian banks have shown disinterest towards anti-money laundering and counter-terrorism laws, compounded by the Australian Transaction Reports and Analysis Centre’s initiative towards lack of compliance.