The Star reports that while lifestyle audits have now been rolled out across 91% of government departments, concerns remain over the quality and consistency of outcomes, with most findings to date limited to administrative disclosure issues rather than substantive financial misconduct. Parliament and the Department of Public Service & Administration ...
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Italy has received a favourable assessment from the Financial Action Task Force following its 2026 Mutual Evaluation, with the report highlighting the strength and effectiveness of its anti-money laundering and counter-terrorist financing framework. The FATF noted significant improvements since the previous 2016 review, particularly in risk assessment quality, coordination between ...
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Finextra reports that despite significant investment in transaction monitoring systems and increasingly sophisticated machine learning models, the financial crime industry continues to recover less than 1% of illicit funds globally, highlighting a widening gap between detection capability and actual enforcement outcomes. The core issue, it suggests, is not the quality ...
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By Lee Rossini
As financial planners approach retirement, succession planning should be a strategic decision rather than a last-minute event. Industry trends show many planners nearing retirement age, expect their business to change hands in the next decade. A well-structured succession plan ensures business continuity, protects client relationships, and maximises business value. Several options are available, each with advantages and disadvantages:
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