Category: Information
-
If It Can Get a Home Loan, It Can Pass Your CDD — AI Document Fraud & AML Risk
Commonwealth Bank invested $900 million in fraud protections last financial year. It still ended up with a suspected $1 billion problem in its loan book. The bank self-referred to police and ASIC after uncovering potentially doctored home loan applications — including documents generated by artificial intelligence. It followed an earlier alleged fraud at NAB, and Read more
-
31 March 2026: What’s Transitional, What’s Not, and Why the Distinction Will Catch People Out
The three-year grace period for initial CDD made headlines across the Australian compliance community. What didn’t make headlines is everything that has no grace period at all. On 31 March 2026 — now just weeks away — Australia’s reformed AML/CTF Act takes effect for existing reporting entities. The transitional rules announced by AUSTRAC and the Read more
-
Bendigo Bank’s $50M Capital Add-On: Analyzing the APRA & AUSTRAC Joint Enforcement
By Viktor Ha | February 2026 | AML-CAMS Blog When APRA and AUSTRAC jointly announced enforcement action against Bendigo and Adelaide Bank on 17 December 2025, the headline number was AUD 50 million — an operational risk capital add-on that landed effective 1 January 2026. But the number is not the story. The story is Read more
-
The “Tranche 2” Revolution: Why Real Estate Agents and Lawyers Are the New Front Line in AML
For nearly two decades, the Australian anti-money laundering landscape has been dominated by one group: the banks. If you worked in a financial institution, you lived and breathed the AML/CTF Act 2006. If you were a lawyer, accountant, or real estate agent, you were largely on the outside looking in. That era is over. Come Read more
-
The Glittering World of High-Value Dealers: Why AML Matters More Than Ever
Step into a bustling jewelry store, a shimmering art gallery, or a gold dealer’s office. The air is thick with anticipation, and the merchandise on display is worth more than most people’s homes. But beneath the sparkle and allure, there’s a shadowy side to this world—one that’s become a playground for criminals looking to turn Read more
-
Cryptocurrency and Terrorist Financing: How Technology Is Changing the Fight Against Financial Crime
For many who lead ordinary lives, the concept of terrorist financing often feels like a plot pulled straight from a movie—enigmatic and far removed from our day-to-day realities. Yet, this is a pressing issue that affects us all in profound ways. Today, terrorist organizations and criminals have evolved; they no longer rely on the clandestine Read more
