Australia, Compliance, Compliance News, Financial Services
REPORT: AUSTRAC CEO Brendan Thomas (l) with Australia's Attorney General Markus Dreyfus (r).
By Paul O’Donoghue, Senior Correspondent
Australia has introduced a tough new regime to combat corporate bribery.
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US Department of Commerce
Washington, D.C. – Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a Notice of Proposed Rulemaking (NPRM) that would prohibit the sale or import of connected vehicles integrating specific pieces of hardware and software, or those components sold separately, with a sufficient nexus to the People’s Republic of China (PRC) or Russia.
Europol
A newly published report by Europol’s Innovation Lab explores the ways in which artificial intelligence (AI) can revolutionise law enforcement operations. By harnessing AI's advanced capabilities, law enforcement agencies can process vast datasets more efficiently, enhancing their ability to detect and counter criminal activity. AI tools can streamline decision-making processes at both operational and strategic levels, enabling authorities to better identify and address criminal threats at their core.
FinCEN
The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual information session on beneficial ownership information (BOI) reporting requirements and how to comply with the law.
