The Commonwealth Attorney-General’s Department has opened a consultation process for proposed Tranche 2 reforms, expanding industries and organisations regulated under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. Under the proposed extension of AML/CTF rules, property agents, lawyers, and tax professionals would be required to report any suspicious transactions to AUSTRAC. The reforms also aim…
For some businesses, implementing automated AML software for the first time can be a daunting task. However, it doesn’t have to be overwhelming if you approach it step-by-step. Automate your transaction monitoring one step at a time If you want to run an efficient and effective AML programme, transitioning to an automated system is a…
The World Council of Credit Unions latest report reveals global growth in the Credit Union sector. Figures from the Bank of England show that Credit Unions are lending record sums to UK customers, as the cost of borrowing continues to rise with a similar trend reflected in the Australasian Credit Union Sector. Although many Credit…
We’ve been supporting reporting entities in multiple sectors around the globe for the better part of a decade and from our experience customers turn to ThirdEye because they are losing valuable time wading through customer screening alert results that just aren’t relevant. In addition, they often complain of a lack of flexibility in their existing systems to…
Phoebus Software Limited (PSL) has added Jade ThirdEye to its strategic partner programme to offer its clients an anti-money laundering (AML) and financial crime solution. ThirdEye is a secure Software as a Service (SaaS) cloud-based system which provides automated transaction monitoring for AML and counter-terrorist financing. PSL’s clients can use ThirdEye to customise their customer…
The KiwiSaver, superannuation and wealth management sectors are gaining more attention from AML regulators. In New Zealand the AML/CFT regime is ‘risk based’. This means every reporting entity must assess the risk its business faces from money launderers and must ensure suitable policies and processes are in place to identify these risks. Financial crime is…
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Mongolian fintech pioneer chooses ThirdEye to power its Australian compliance operations.
Suffolk Building Society joins over 40% of UK building societies using ThirdEye
