Money Laundering in Australia and Around the World — Nights with John Stanley

Joining John Stanley on Nights, broadcast across 2GB Sydney and 4BC Brisbane, Daniel Baulch set out what money laundering actually looks like in Australia — how illicit funds are moved, layered and legitimised, and why the people doing it are usually several steps ahead of the systems built to stop them.

Drawing on his career as a Victoria Police detective and as the inaugural Deputy Commissioner of Papua New Guinea's Independent Commission Against Corruption, Daniel connected the local picture to the international one: the same networks, the same techniques, and the same weak points in oversight.

The conversation covered the AML/CTF reforms bringing lawyers, accountants, real estate agents and other professional services into Australia's regime, and what that means in practice for businesses that have never had to think about anti-money-laundering obligations before.

Daniel's message was practical rather than alarmist: know who checks, who reviews and where the evidence lives, and build controls that a business can demonstrate rather than merely describe.

John and Daniel also discussed The Enterprise, Daniel's book on how organised crime became a global business — and why it has to be understood as a business, with supply chains, finance and franchising, before it can be disrupted.

The segment closed on what entities can do now to protect themselves from AML and fraud risk, including the approach behind True Comply (truecomply.co), the compliance platform Daniel co-founded to make demonstrable AML compliance achievable for smaller firms.

Use the player above to hear the full show; Daniel's interview begins at the 29-minute mark.