IFA Australia reports that recent commentary from Australia highlights a fundamental shift in AML/CTF expectations, with reforms moving firmly toward a risk-based, outcomes-driven approach.
The updated framework, supported by AUSTRAC guidance, makes it clear that policies alone are no longer sufficient. Regulators now expect demonstrable evidence that firms understand ...
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Investment International reports that the Isle of Man’s latest National Risk Assessment (NRA) continues to rate the jurisdiction’s money laundering risk as 'medium-high', consistent with its 2020 findings.
The assessment highlights ongoing exposure to cross-border financial crime, foreign predicate offences and complex international structures, particularly within the trust and corporate ...
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By Lee Rossini
Changing client expectations in financial services have undergone a transformation over the past decade, driven by advances in technology, increased access to information, and evolving client behaviour. Clients are therefore more informed, more demanding, and less tolerant of inefficiencies. Financial institutions that don’t recognise and adapt to these shifting expectations risk losing clients to more agile and client-centric competitors.
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