Tony Coburn

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Articles

Modernising Australia's AML/CTF regime

Sep 25, 2024 | lexology.com | Alice Molan |Charlotte Henry |Bryony Adams |Kate Cahill |Tony Coburn |Julia Massarin | +3 more

On 11 September 2024, amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) were introduced into Parliament through the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 (Cth) (AML/CTF Bill). The Bill includes significant proposals to expand the application of the AML/CTF Act to additional sectors of the Australian economy, including lawyers, real estate agents, accountants and others.
Reforming Australia's AML-CTF Regime

May 22, 2024 | lexology.com | Alice Molan |Charlotte Henry |Bryony Adams |Kate Cahill |Tony Coburn |Julia Massarin | +2 more

Reforming Australia’s AML/CTF regime – clear commitment to modernising the regime in Consultation Paper 2 Following the release of the Consultation Paper on Modernising Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime in April 2023 (Consultation Paper 1), there was real excitement about the possibility for Australia’s AML/CTF regime being updated for the better. Our thoughts on Consultation Paper 1 are available here.
Australia proposes digital assets licensing framework

Jan 14, 2024 | lexology.com | Alice Molan |Charlotte Henry |David Curley |Tony Coburn |Julia Massarin |Anjelica Balis

The current status of regulatory reformThe regulation of digital assets has been a topic of fierce debate in Australia and around the world in recent years. Alongside international developments in relation to the approach to regulating digital assets, Australian Government reviews have found that the risks associated with digital assets means that regulation is necessary. However, it is also a priority that this regulation is approached in a manner that promotes innovation.
2023 Wrap-up: AML/CTF Reform, Scams Focus, Tipping Off And Account Closures

Jan 2, 2024 | mondaq.com | Alice Molan |Charlotte Henry |Tony Coburn

In reflecting on the regulatory changes that have been implemented or proposed in 2023, a consistent priority has been protecting consumers from bad actors. The Federal Government has undertaken measures to introduce a whole of ecosystem approach to preventing scams. Australia's unfair contract terms regime has been updated to introduce civil penalties and give the framework significantly more weight.
2023 wrap-up: AML/CTF reform, scams focus, tipping off and account closures

Dec 21, 2023 | lexology.com | Alice Molan |Charlotte Henry |Tony Coburn

In reflecting on the regulatory changes that have been implemented or proposed in 2023, a consistent priority has been protecting consumers from bad actors. The Federal Government has undertaken measures to introduce a whole of ecosystem approach to preventing scams. Australia’s unfair contract terms regime has been updated to introduce civil penalties and give the framework significantly more weight.