QUEENSLAND'S NEW CCC WATCHDOG TAKES EFFECT

The overhaul of Queensland's former Crime and Misconduct Commission (CMC) took effect last week. Attorney-General Jarrod Bleijie said the state's renamed Crime and Corruption Commission (CCC) would "fearlessly and effectively" tackle serious crime and corruption in Queensland. The changes were passed by the State Government in early May. According to the ABC, the most significant alteration is the removal of a need for bipartisan agreement in appointing the head of the CMC. The ABC reports that the complaints management system has also been changed so that only "serious cases" of corruption will be investigated and complaints will generally be made by way of statutory declaration.  

AUSTRAC SIGNS NEW MOU WITH NEW ZEALAND

Australia has signing a new Memorandum of Understanding (MoU) with New Zealand, strengthening trans-Tasman cooperation against money laundering and terrorism financing. Austrac signed the MoU with three New Zealand government agencies responsible for supervising reporting entities under New Zealand's anti-money laundering and counter-terrorism financing (AML/CTF) regime. Under the new MoU, Austrac and the NZ agencies (which include the Department of Internal Affairs, the New Zealand Financial Markets Authority and the Reserve Bank of New Zealand) agree to share administrative information such as risk modelling, regulatory strategies and assessment techniques. The new MOU complements an existing MoU to share financial intelligence data with the NZ financial intelligence unit.