Perth Mint Urged to Come Clean on Finance Law Breaches

Published on June 22, 2024

Perth Mint should acknowledge its board was ultimately responsible for breaches of money laundering and terrorism financing laws, a Senate committee says. Its operator Gold Corporation should also publish a clear statement identifying governance failures, said the Senate committee’s report examining compliance with commonwealth law. This includes listing the events leading to the breaches and the information the board passed to the corporation’s owner, the Western Australia (WA) government. “Such a statement would send a message that the required cultural change within the board has occurred,” the committee said in its findings. “Without a clear acknowledgement and understanding of the causes of past mistakes, there can be no guarantee that these mistakes won’t be repeated in the future.”...

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