A ground-breaking new study reveals how Pacific Islanders experience corruption in their daily lives.
Given the very well documented use of casinos for money laundering in Australia and around the world, the decision by the Royal Commission begs the question – What crime does a casino operator need to commit in order to have a licence cancelled?
TIA is pleased to submit some brief comments in response to the Data Economy Unit consultation paper on the proposed amendments to The Corporations Act 2001 (Corporations Act) for the Modernising Business Registers (MBR) Program.
The Pandora Papers lay bare the need for much greater scrutiny of offshore corporate structures, and the flaws in Australia’s own corporate registry system.
TIA strongly supports strengthening Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. This inquiry is a critical opportunity to review the adequacy and efficacy of Australia’s AML/CTF regime.
The Financial Action Task Force is considering potential amendments to Recommendation 24 on the transparency and beneficial ownership of legal persons.
Australia’s lax corporate registry system enables companies with a poor business integrity track record to use Australia as a launching pad for corrupt activities in the Pacific.
A stronger corporate regulatory system requires proper due diligence checks into the integrity, character and track record of directors and entities.
Australia has inadequate corporate regulatory systems. This enables people who have been involved in corruption to register companies in Australia.