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Tackling financial crime risk when consolidating super and wealth entities

The introduction of the Your Future, Your Super legislation in the Australian superannuation sector is expected to further accelerate the increased volume of mergers & acquisitions (M&A) activity over the short to medium term and impact financial crime compliance operating models

In this report, we answer several key questions that organisations in the super & wealth sector should consider when managing the financial crime regulatory risks associated when merging with or acquiring a new reporting entity. We also include some practical suggestions to assist organisations in facilitating a smooth transaction.

Download the report to discover more about:

  • Assessing due diligence to identify all financial crime risks and the maturity of financial crime compliance
  • The factors to consider when developing a target operating model for the management of financial crime risk once the merger/divestment has taken place
  • Leveraging technology, systems, and platforms to improve downstream financial crime operations and reduce the cost of compliance.

Funds will benefit from robustly assessing the AML/ CTF program and membership profile of the incoming fund, assessing the ML/TF risk of the merger and ensuring that controls and transaction monitoring remain fit for purpose during any merger process.

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