Australian money laundering alliance a stretch for US
16 May 2017

An anti-money laundering partnership between Australia’s big four banks and the continent’s government designed to share more information in real time is getting good reviews but probably isn’t exportable to the U.S., several lawyers and consultants said.

The Fintel Alliance launched in March “offers an unprecedented opportunity for government and banks to share insights to combat the long-standing issue of serious financial crime,” Aidan O’ Shaughnessy, policy director for the Australian Bankers’ Association, told Bloomberg BNA.

Count this content towards your CPD minutes, by signing up to our CPD Wallet

FREE CPD Wallet

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.