Attorney-General Mark Dreyfus has launched a new round of consultation with industry over the government’s plan to extend Australia’s anti-money laundering and counter-terrorism financing regime to cover so-called “tranche 2” entities.
The primary recommendation from this inquiry is for the Australian government to establish a Royal Commission to examine the Australian response to the COVID-19 pandemic, and the consequential impacts on the Australian community.
Failure by successive governments to expand the coverage of the country’s anti-money laundering and counter-terrorism financing regime to cover non-financial businesses has earned Australia a poor report card from the global AML/CTF standard setter and monitoring agency.
A key recommendation stemming from this inquiry is for the Australian government to ensure that formal reporting obligations for both decision-making agencies and review bodies be expanded to ensure information is readily available about the timeliness and efficacy of freedom of information (FOI) decision-making.
Democracy Groups Urge Gov t to Revamp Flawed FOI System miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.