All Posts

This is about operational and compliance risk. Over the last 19 years I have advised on a few hundred thousand breaches of the AML/CTF Act (outside of the banking sector) and prepared, managed and embedded Australian compliance programs and dealt with AUSTRAC. These are my 4 high-level tips for Tranche 2 businesses: 1. Understand your business and the risks inherent in it. 2. Understand your customers and the financial crime risks they present. 3. Do not be too confident in y

Fred Dibnah was a steeplejack whose work was covered in some documentaries. He spoke quite a lot about his work and the risks inherent in it.   What I find interesting and relevant today are his observations about how the nature of work changed over time due to technology. Dibnah started his steeplejack career maintaining brick chimney stacks many of which were built during the 19th century. He worked on hundreds of them. He was an expert at fixing them and it is clear from t