Defending your company against failure to prevent fraud means getting ‘reasonable procedures’ in place now.

MPs are tabling an amendment to the economic crime and corporate transparency bill to address ‘outdated and ineffective’ liability laws.

It’s time for accountants to place less emphasis on “gut feeling” and let digital tools guide judgments in the fight against fraud.

Australia’s largest bank receives AU$700m fine for failings on money laundering regulation, thought to be the biggest civil penalty ever imposed in Australia.

The former CEO and COO of then-FTSE 250 oil and gas exploration business Afren have been disqualified as directors by the Insolvency Service.

NGO finds that misinvoicing—deliberately misreporting invoice values in international trade—accounts for 87% of illicit financial flows.

Legal and regulatory roundup from around the UK and Europe: EU tax, tightened money laundering legislation, gender pay gap regulation in the UK, review of governance codes in Germany and the UK, and Belgian FSMA guidelines.

Legal and regulatory roundup from the Far East: new stewardship code in India, Hong Kong money-laundering measures, Singapore reviews governance code, China beefs up anti-corruption laws.

As Hong Kong’s anti-money laundering and corporate disclosure laws come under the spotlight, financial crime experts predict an exodus of billions of dollars from the island.

The European Commission proposes money laundering made a criminal offence if conducted intentionally.