AUSTRALIA APPOINTS TOP POLICEMAN TO LEAD FIGHT AGAINST OFFSHORE CRIME

Xinhua on 1st May reported that the Australian government has named its first Transnational Organised Crime Coordinator to tackle the growing problem of offshore organised crimes, especially cybercrimes, child exploitation, human trafficking, illicit drugs and firearms, and money laundering.  He will work within the Department of Home Affairs to lead a national effort against “transnational serious and organised crime”.  Australia’s Minister for Home Affairs said a crime co-ordinator was needed because up to 70% of organised crimes occurred offshore.

http://www.xinhuanet.com/english/2018-05/01/c_137148791.htm

SURVEY REVEALS UK CONSTRUCTION FIRMS VULNERABLE TO MONEY LAUNDERING AND BRIBERY

Public & Building Control Today on 30th April reported that 97% of middle market UK construction firms consider themselves at risk of falling foul of AML and anti-bribery legislation according to the latest YouGov survey, commissioned by leading audit, tax and consulting firm RSM.  he survey of more than 300 UK middle market business leaders also revealed that 47% of firms have suffered, unwittingly or otherwise, in incidents that are outside of the law.

https://www.pbctoday.co.uk/news/planning-construction-news/construction-firms-vulnerable-to-money-laundering/40923/