“Good accountability and governance are key to maintaining your professional responsibilities, as well as protect clients’ privacy and data security.” – 2025 Solicitor’s Guide to Responsible Use of Artificial Intelligence To address and identify both the concerns and benefits of generative AI tools and large language models (LLM), the Law Society of New South…
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What is a politically exposed person? As defined by the Financial Action Task Force (FATF), a politically exposed person (PEP) is a “an individual who is or has been entrusted with a prominent function”. Many PEPs hold positions that can be abused for the purpose of laundering illicit funds or other predicate offences such as…
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What is a tipping off offence? The Australian Transaction Reports and Analysis Centre (AUSTRAC) defines tipping off as the act of disclosing certain types of information to a person or persons where it could potentially prejudice an investigation. What has changed? The Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Cth) (Amended Act) –…
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Every fortnight, the Cybercrime Programme Office of the Council of Europe (C-PROC) publishes its CyberDigest, a newsletter that provides a global outlook on matters related to the “aims, activities and achievements” of C-PROC. The newsletter is a collection of internally and externally published press releases and news articles, covering a wide swath of topics and…
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Citing an increasing number of concerns around non-compliant crypto ATMs being used in Australia to engage in money laundering, financial scams, and terrorism financing, the Australian Transaction Reports and Analysis Centre (AUSTRAC) in December 2024 formed a specialised internal taskforce to crack down and eliminate non-compliant crypto services and their operators/owners. What are crypto…
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What is the Foreign Influence Transparency Scheme? The Foreign Influence Transparency Scheme (FITS) is a statute-based scheme whose purpose is to provide the Australian government and public with “visibility of the nature, level and extent of foreign influence on Australia’s government and politics”. How does it work? Under the scheme, all foreign entities, organisations,…
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What is the Foreign Influence Transparency Scheme and how does it work? The Foreign Influence Transparency Scheme is a statute-based scheme that commenced in December 2018 with the intention of providing the Australian government and public with “visibility of the nature, level and extent of foreign influence on Australia’s government and politics”. How does…
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What is the Foreign Influence Transparency Scheme and how does it work? The Foreign Influence Transparency Scheme (FITS) is a statute-based scheme designed to provide the Australian government and public with “visibility of the nature, level and extent of foreign influence on Australia’s government and politics”. How does it work? The scheme requires all…
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Every year, the Australian Attorney-General’s office publishes an annual report that includes the department’s audited financial statements, as well as the secretary’s year in review, significant departmental achievements, and performance statements. The back end of the report includes several appendices that cover multiple topics, including Appendix 5, which reports on Australia’s involvement in international prisoner…
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What is a royal prerogative of mercy? The royal prerogative of mercy is a broad set of discretionary legal power enabling the granting of pardons to persons in unique and extraordinary circumstances. Though the pardon removes the effects of a conviction, it does not eliminate it from a person’s legal record. Who can wield…
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