Tranche 2 Entities: What Real Estate, Legal, and Crypto Firms Need to Know About Australia’s New AML Rules
After nearly two decades of regulatory status quo, Australia is about to witness the most significant expansion of anti-money laundering oversight in its history. The Tranche 2 reforms will bring approximately 100,000 entities under AUSTRAC’s watchful eye, fundamentally reshaping how real estate agents, lawyers, accountants, and crypto firms conduct business (AUSTRAC – AML/CTF reform, AUSTRAC […]
Box-Ticking AML is Dead: How AUSTRAC’s New Focus Changes Everything for Financial Services
The era of “box-ticking” compliance is over. AUSTRAC has drawn a line in the sand with its new Anti-Money Laundering and Counter-Terrorism Financing Rules 2025, and the message is crystal clear: procedural compliance without genuine risk reduction won’t cut it anymore (AUSTRAC: New AML/CTF Rules). This isn’t just another regulatory update you can delegate […]
Xapien Webinars: Beyond Compliance and Due Diligence excellence
You can find all our webinars available here the series covers the following: Webinar 1: Beyond Compliance: The Human Impact of AUSTRAC Reforms Discover why leading with heart, not just head, transforms AML from obligation to mission. Webinar 2: Solving AUSTRAC Challenges: Combining Human and Tech Expertise Learn how the right technology and […]
Navigating the Grey: Understanding the FATF Grey List and its Implications
There is significant interest in the Australian AML Tranche 2 updates, the delays, the politicking and, in the end, the impact of regulatory compliance, but why? Why go to all this effort, why now and what if we don’t? In this article I’d like to explain one of the technical impacts, being Greylisted. However, we […]
Fraud, Scams, and Money Laundering: Discrete capability or a complex interplay?
Fraud, scams, and money laundering, while distinct in nature, often intersect, forming a complex web of financial crime. Understanding the nuances of each, their commonalities, and the strategies to combat them is crucial for businesses and law enforcement alike. What are the implications of Fraud, Scams, and Money Laundering. Show me the money! Fraud: Typically […]
The Global Scourge of Money Laundering
Money laundering, a criminal activity that disguises the illicit origin of funds, has become a pervasive global problem with far-reaching consequences. It fuels corruption, de-stabilises economies, and undermines the integrity of financial systems. This article explores the nature of money laundering, the efforts to combat it and the challenges that remain. 1. What is Money […]
Culture as a Compliance Advantage: Why AML Strategies Must Adapt
In financial crime compliance, one size rarely fits all. As global institutions continue to expand their reach across regions, cultures, and regulatory landscapes, AML strategies must evolve beyond standard frameworks. The most effective programs today are those that reflect, and respect, cultural nuance. Recent insights from FinTech Global (March 2025) underscore a growing recognition […]
AI in AML
In an age where artificial intelligence (AI) headlines dominate the technology landscape, the financial crime industry is not immune to the hype. From slick marketing brochures to boardroom slides, AI is often portrayed as the silver bullet for AML (Anti-Money Laundering) challenges. But at Quorsus, we’ve taken a closer look, and the story is more […]
Are you spending enough time and money training your staff?
In financial crime compliance, one size rarely fits all. As global institutions continue to expand their reach across regions, cultures, and regulatory landscapes, AML strategies must evolve beyond standard frameworks. The most effective programs today are those that reflect, and respect, cultural nuance. Recent insights from FinTech Global (March 2025) underscore a growing recognition across […]