INTHEBLACK

This publication provides general information only and is not legal or professional advice. CPA Australia gives no warranties as to its accuracy, completeness or suitability and disclaims all liability for reliance on it. Listeners should seek their own independent advice for their circumstances. What does Australia's biggest AML (anti-money laundering) reform in years mean for accountants, lawyers, advisers and business owners? This episode breaks down the tranche 2 anti-money laundering reforms, the growing role of AUSTRAC, and why professional service firms are becoming critical gatekeepers in the fight against financial crime. The discussion explores how money laundering really works, why criminals target trusted advisers, and the practical steps businesses need to take to prepare for new compliance obligations. Main learnings: Why Australia is expanding AML reporting obligations How accountants and lawyers help identify suspicious activity What suspicious matter reporting involves in practice Why knowing your customer is central to AML compliance The role of AUSTRAC as regulator and intelligence agency Common red flags linked to financial crime and tax evasion How smaller businesses can approach AML compliance practically This episode offers practical guidance for accounting, finance and advisory professionals navigating Australia's evolving AML landscape. Listen now. Host: Jacqueline Blondell, editor, CPA Australia Experts: Brendan Thomas, AUSTRAC CEO Geoff Peck, a former fraud squad detective with Victoria Police's major Fraud Group, and managing director Forensic & Integrity Solutions Amanda Wood, managing director, Kroll's Investigations, Diligence and Compliance Practice For more, head to the Australian Institute of Criminology website. Need help with your AML/CTF obligations? AUSTRAC and CPA Australia have a host of resources. AUSTRAC's guidance for small business is another useful resource. And head to the Crime By Numbers homepage to catch up on earlier eps in this second series as well as series 1. Loving this episode? Listen to more INTHEBLACK episodes and other CPA Australia podcasts on YouTube. https://www.youtube.com/@CPAaustralia/podcasts And don't forget to click subscribe to the channel for a wide range of content that will help your career. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting: With Interest https://www.cpaaustralia.com.au/tools-and-resources/podcasts/with-interest INTHEBLACK https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack INTHEBLACK Out Loud https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack-outloud Excel Tips https://www.cpaaustralia.com.au/tools-and-resources/podcasts/excel-tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au Chapters: 00:00 Disclaimer 00:21 The social purpose of anti-money laundering 00:45 Introduction to Crime By Numbers Episode 3 01:28 AUSTRAC's role in Australia's AML/CTF regime 02:44 History of money laundering laws and Tranche 2 reforms 03:22 Why Australia is catching up with global AML standards 04:20 Why accountants and lawyers see risks banks can't 05:23 Core obligations for new AML gatekeepers: KYC and reporting 07:05 Comparing Tranche 1 and Tranche 2 compliance challenges 08:15 Embedding AML compliance into professional practices 09:37 Knowing your customer and hidden criminal risk 11:03 Business benefits of stronger AML processes 11:37 Common misconceptions about money laundering and cash 12:39 AUSTRAC guidance, starter kits, and industry support 14:29 Enforcement approach, penalties, and expectations 15:13 The real victims behind money laundering crimes 16:32 Resources for new gatekeepers and closing remarks

This publication provides general information only and is not legal or professional advice. CPA Australia gives no warranties as to its accuracy, completeness or suitability and disclaims all liability for reliance on it. Listeners should seek their own independent advice for their circumstances. Money laundering. It's a business that's rife worldwide, with billions of dollars illegally laundered each year. In Australia it's estimated that money laundering costs the economy A$60 billion a year. In 2026, money laundering is under the microscope because Australia's Anti-Money Laundering and Counter Terrorism Regime is being expanded. New gatekeepers are being added to the mix to fight against this crime, including accountants, lawyers, real estate agents and dealers in precious metals and gems. In this second series of Crime by Numbers, delve into the murky depths of the world's laundromat. Episode one goes inside the laundry and explores why money laundering is so harmful, the far-reaching costs to individuals and economies and what we can do to clean it up. Listen now. Host: Jacqueline Blondell, editor, CPA Australia Experts: Geoff Peck, a former fraud squad detective with Victoria Police's major Fraud Group, and managing director, Forensic & Integrity Solutions Brendan Thomas, AUSTRAC CEO Amanda Wood, managing director, Kroll's Investigations, Diligence and Compliance Practice Dr Milind Tiwari, senior lecturer the Australian Graduate School of Policing and Security at Charles Sturt University in Canberra Kris Wilson, team leader, Cybercrime Investigations at Australian Federal Police For more, head to the Australian Institute of Criminology website. Need help with your AML/CTF obligations? AUSTRAC and CPA Australia have a host of resources. In the next episode of Crime by Numbers, discover how money mules such as Boliang Liu operate and the scams that lie behind the money laundering process. Also, hear how the metaverse is transforming money laundering and making the detection process a lot trickier. Stay tuned for episode two coming soon: The players and the crimes. Loving this episode? Listen to more INTHEBLACK episodes and other CPA Australia podcasts on YouTube. https://www.youtube.com/@CPAaustralia/podcasts And don't forget to click subscribe to the channel for a wide range of content that will help your career. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting: With Interest https://www.cpaaustralia.com.au/tools-and-resources/podcasts/with-interest INTHEBLACK https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack INTHEBLACK Out Loud https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack-outloud Excel Tips https://www.cpaaustralia.com.au/tools-and-resources/podcasts/excel-tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au Chapters 00:00 Disclaimer 00:22 How much dirty money is in the Australian economy? 00:43 What is money laundering and why does it matter? 01:16 Inside the Laundry: episode overview 01:33 The history of money laundering from ancient China to Prohibition 01:57 Where did the term "money laundering" come from? 03:39 What does money laundering cost the global and Australian economy? 04:22 Which crimes generate the most laundered money in Australia? 04:43 AUSTRAC explained: who it regulates and why reforms are expanding 05:15 Brendan Thomas on dirty money in Australia 05:54 Is money laundering a victimless crime? 07:36 How fraud against government programs like the NDIS links to money laundering 09:17 How money laundering works: placement, layering and integration 10:24 Real case study: how $60 million moved through global bank accounts 12:25 Shell companies and money laundering red flags 13:45 Bank capture, major AML failures and billion-dollar fines 14:52 Operation Taipan: how Australian banks helped detect a laundering syndicate 16:07 Next episode: money mules, scams and the metaverse

We've all probably had a manager or leader who struggles to delegate. Sound familiar? This Career Hacks episode explores the art of delegation. It's an essential skill, particularly for new managers – and one that's often hard to master. Getting the right balance between a hands-off approach and micro-management is key, and an empathetic approach can really help, say the experts. Listen in to learn the behavioural traps that keep managers doing the work themselves, why burnout grows when clarity is missing, and how empathy offers insight into workload, motivation and fairness. Also, learn how to check in without hovering, why communication gaps create rework and the value of curiosity when assessing team capacity. You'll learn: • Why not delegating limits leadership impact • How technical experts can shift from doing the work to guiding it • The emotional and psychological drivers that shape team performance • How empathy and curiosity help leaders understand real workload and risk This Career Hacks episode is a must-listen for professionals seeking expert advice on how to best delegate. Host: Jacqueline Blondell, Editor, CPA Australia Guest: Daniel Murray, international keynote speaker and author of The Empathy Gap, a handbook for business leaders who want to form stronger connections with the people they lead. For more on this episode's guest Daniel Murray, head to his consultancy's website. Loving this episode? Listen to more INTHEBLACK episodes and other CPA Australia podcasts on YouTube. And don't forget to click subscribe on the channel. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting: With Interest INTHEBLACK INTHEBLACK Out Loud Excel Tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au

Planning your next career move? If so, you're going to need a resume that stands out from the rest. In this episode, you'll learn what hiring managers look for and how to present your experience with clarity and confidence. With an expert guest offering tips and advice, discover how CV formats are changing, what recruiters see as red flags and the role keywords play in passing those annoying, AI-driven applicant tracking systems. Key insights include: The resume length rule that really matters What to highlight at junior and senior career stages Skills, systems and certifications hiring managers notice Practical ways to tailor a CV to the job ad How to get around AI-powered ATS filtering – how it works and which keywords to prioritise Common mistakes that immediately undermine credibility If you're aiming for your next role in accounting or finance, these Career Hacks insights could be the difference between being filtered out and being seen by the right people. The Career Hacks series is back and is a must-listen this summer for anyone preparing their next career move. Host: Jacqueline Blondell, Editor, CPA Australia Guest: Jasmine Ee, a senior consultant at staffing and recruitment company Hays For more on what Hays does, head to the company's website. Loving this episode? Listen to more INTHEBLACK episodes and other CPA Australia podcasts on YouTube. And don't forget to click subscribe on the channel. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting: With Interest INTHEBLACK INTHEBLACK Out Loud Excel Tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au

Did you know that Australia is the world's largest lithium producer? In this episode, you'll learn more about the battery business – a complex area given its reliance on the mining sector and the associated challenges involved in extracting primary resources. Listeners will gain an expert-led view of the global battery industry, and how mining, sustainability and policy intersect to power the next generation of economic growth. Key areas covered include: What lithium is and how it powers everything from EVs to renewable storage systems Why "battery passports" are redefining responsible mining The opportunities and risks for Australia in refining and manufacturing Listen now for expert-led views and insights. Host: Patrick Viljoen, Policy Lead ESG, CPA Australia Guest: Jairo Bernal FCPA, CFO of Wildcat Resources Limited and the former Head of Finance and Company Secretary at Chilean lithium mining company SQ Learn more about the global mining industry and Jairo Bernal in this article on INTHEBLACK. And this article outlines the opportunity ahead for Australia's battery industry. Listen to more INTHEBLACK episodes and other CPA Australia podcasts on YouTube. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting: With Interest INTHEBLACK INTHEBLACK Out Loud Excel Tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au

For four decades, Microsoft Excel has been a cornerstone of accounting and finance. From basic calculations to complex modelling, it has transformed how professionals analyse data, solve problems and make decisions. To mark Excel's 40th birthday, Neale Blackwood CPA reflects on Excel's legacy and its impact on the profession. He shares his personal journey with Excel, explores its evolution from the early Mac days to the rise of AI and Python, and offers insights into why Excel remains essential in a tech-driven world. Listen now to learn: How Excel revolutionised accounting and finance workflows Key milestones in Excel's 40-year journey, including the rise of VBA, PivotTables and Power BI What Excel's future looks like in the age of AI, automation and cloud collaboration Why Excel is still a must-have skill for finance professionals Whether you're building financial models, exploring automation or simply aiming to sharpen your Excel skills, this episode offers insights into the past, present and future of the world's most important app for accounting and finance professionals. Host: Tahn Sharpe, editor, INTHEBLACK, CPA Australia Guest: Neale Blackwood CPA, accountant, author and Excel traine Listen to our Excel Tips podcast here https://www.cpaaustralia.com.au/tools-and-resources/podcasts/excel-tips You can read Neale Blackwood's Excel Tips column on the INTHEBLACK website here https://intheblack.cpaaustralia.com.au/technical-skills You can find a CPA at our custom portal on the CPA Australia website. Would you like to listen to more INTHEBLACK episodes? Head to CPA Australia's YouTube channel. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting: With Interest INTHEBLACK INTHEBLACK Out Loud Excel Tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au

In an interconnected world, one trait is fast becoming a must-have skill for finance and accounting professionals. It's cultural intelligence. This episode explores how understanding cultural differences and adapting your approach can elevate trust, strengthen collaboration and deliver better business outcomes. With expert-led insights, learn how cultural conditioning shapes trust and what strategies can help you lead with authenticity while respecting cultural norms. Learn clear, actionable ways to embed cultural agility into daily practice – from client meetings to cross-border negotiations. Key learnings include: How to identify and manage cultural blind spots in finance and accounting Practical strategies to build trust across borders and multicultural teams Why hierarchy and communication styles matter in Asia-Pacific contexts How culturally intelligent leaders navigate ambiguity and high-stakes decisions Tips for balancing authenticity with cultural adaptability in global business Whether you're leading an international team, negotiating cross-border deals or simply aiming to sharpen your Asia capability, this episode will give you insights to succeed in today's global finance landscape. Host: Tahn Sharpe, INTHEBLACK Editor, CPA Australia Guest: Charlotta Oberg, Program Director, Asialink Leaders Program, Associate Director, Capability Development at Asialink Business Links: You can take a short, self-paced or facilitated course with the Asialink Business Academy. Gain credentialed Asia insights and connections through the Asialink Leader Program. And be inspired by Asia-capable leaders across sectors, including financial services. Listen to more With Interest episodes and other CPA Australia podcasts on YouTube. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting: With Interest INTHEBLACK INTHEBLACK Out Loud Excel Tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au