Perth Mint avoids fine despite litany of compliance failures

[Administrator]

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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[ozcopper]

Of course they avoid a fine, A smaller dealer would have had the book thrown at them.

 

[Shlomo Goldberg]

AND the screws are turned another turn against ordinary men for good measure.

 

[Silver Soul]

What! Throw the book at these pricks. They are guilty of fraud. They are guilty of buying gold, born of child labour! Disgusting pigs.

 

[pmbug]

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