Since 2014, the policy focus on large-scale bank account closures of remittance service providers – generally called ‘de-risking' – intensified internationally as well as in Australia. While the dilemma of these providers is the result of a complex combination of factors, money laundering...

The potential for criminals and terrorism financiers to secure lucrative government contracts poses a risk to Australia’s anti-money laundering, anti-corruption and counter-terrorism financing objectives. This article compares the customer due diligence measures that banks are required to...