Kerry Grass has 13 years experience as an investigator, including five years investigating serious corporate fraud. During 2005 she gained the status of Certified Anti-Money Laundering Specialist. In late 2005 she moved to the UK, completed an International Diploma in Anti-Money Laundering and took up a role as Supervision Associate with the Financial Services Authority, the sole regulator of the UK financial services industry. After leaving the FSA she moved to the Bank of New York to the position of Deputy Money Laundering Reporting Officer where she was responsible for AML compliance auditing on the bank's business units, as well as receiving Suspicious Activity Reports and coordinating investigative tasks in relation to those reports. After leaving the BNY she returned to Australia and joined the Commonwealth Bank as the AML Compliance Manager in the wholesale division. Recognising the need for Australian businesses to receive guidance and advice on their AML/CTF obligations, she set up her own consultancy practice.

September 11, 2001, was the disaster that lead US President Bush to introduce their AML legislation, causing Australia to introduce its own legislation on 12 December 2006. As the Act is principles based, it allows businesses to apply a risk based approach ... Read more