Cash spy ring grows
Article Abstract:
The Australian Transaction Reports and Analysis Center (AUSTRAC) is responsible for the mammoth task of preparing reports on money laundering activity from the data on cash transactions received from the banks. Presently banks are liable to report cash transactions greater than Aus$10,000 but legislations are on way to monitor electronic transactions as well, which will cover the deals of the brokers, financial advisers and fund managers.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2004
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The great cash clean - up
Article Abstract:
In line with the recommendations of the Financial Action Taskforce on Money Laundering, a 33 country represented organization, the Australian government is revising the financial regulations in the country. The implications for the banks and other businesses because of the new law are discussed.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2004
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Cool, calm and calculated
Article Abstract:
The advices for investors, given by the psychologist of Princeton University Daniel Kahneman and Amos Tversky, are presented. According to Kahneman, recognizing the mistakes followed by simple rules will help to avoid the most common hazards of investments.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2003
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