Strategic Management Accounting Forum 2019


This forum will summarize the various steps involved in money laundering; and consider the responsibilities of the CFO in implementing anti-money laundering legislation using the recent case of the Commonwealth Bank of Australia (CBA); where it was alleged that repeated warnings that were sent to the bank by the Australian Federal Police and Austrac (an organisation set up to implement the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006) were ignored.