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Perth Mint avoids fine despite many compliance failures
By Hamish Hastie
Sydney Morning Herald
Thursday, November 23, 2023
The taxpayer-owned Perth Mint and its operator Gold Corp. have avoided a fine despite Australia's finance watchdog uncovering a litany of failures in its compliance with anti-money laundering and terrorism finance laws.
Instead, Gold Corp. has entered into an "enforceable undertaking" with the Australian Transaction Reports and Analysis Centre, which sets in stone a requirement for the organisation to fix its anti-money laundering compliance rules in full by April 2025.
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Political pressure has ramped up on the mint since March, when an investigation by the "Four Corners" program on ABC-TV exposed holes in its anti-money laundering and counter-terrorism financing defences.
It was during this episode that CCTV footage emerged of ex-Hells Angels bikie Dayne Brajkovich purchasing tens of thousands of dollars worth of gold without mint staff batting an eyelid. ...
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