Perth Mint avoids fine despite litany of compliance failures


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Gold Corp has entered into an “enforceable undertaking” with AUSTRAC which sets in stone a requirement for the organisation to remediate its anti-money laundering compliance.

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What! Throw the book at these pricks. They are guilty of fraud. They are guilty of buying gold, born of child labour! Disgusting pigs.
It also found the mint failed to tell Austrac about instructions received from customers to transfer funds internationally, which is also required by anti-money laundering laws. In the latest report, the external auditor found these failures occurred 3322 times.

Is that a lot? Because it seems like a lot.