The Global Association of Forensic Accountants (GAFA), based in New Delhi, India, has launched a certification program in financial crime investigation. The program is designed for both individuals and corporate entities and emphasizes Indian cyber laws and fraud prevention legislation. Led by Ms. Kanwaljeet Kaur Soni, GAFA aims to promote excellence in financial crime detection and mitigation, offering a comprehensive curriculum for professionals seeking to combat fraud effectively.
China is revising its anti-money laundering law to enhance its fight against illegal activities such as cross-border gambling and underground banking, aligning its practices with international standards to address stricter international scrutiny. The revision aims to improve China’s compliance ahead of a fifth review by the Financial Action Task Force, strengthening supervision, clarifying obligations, and broadening the scope of non-financial institutions subject to the law.
Crown Resorts has been deemed suitable to hold its Barangaroo casino license in New South Wales (NSW). The decision comes three years after the company faced scrutiny from royal commissions for its anti-money laundering and counterterrorism failures. Crown has since undergone significant reforms and the NSW Independent Casino Commission (NICC) believes it is now a “vastly different business.”
