ASIC’s recent civil penalty proceedings against a former CEO of a listed company highlight the governance risks for boards and senior executives when personal relationships intersect with corporate decision-making.
AI use across the NSW Government is expanding quickly. To best leverage the technology while maintaining public trust, agencies should pair innovation with practical governance, clear accountability, risk-based assurance and transparent record-keeping.
As the AML/CTF reforms have moved into the enforcement phase, a section 167 notice is likely to be one of AUSTRAC's most powerful investigative tools, testing whether businesses can demonstrate, not merely assert, compliance with their obligations.
