The Senate raises important, and uncomfortable, for ASIC to answer, highlighting whether enforceable undertakings place sufficiently stringent conditions on financial professionals.

Westpac is far from implicated, at this stage, in any of the alleged money laundering involving Liberty Reserve suggesting need for analysis over easy headlines.

With an election scheduled to take place in September, time is running out to put in place whistle-blowing protection at the federal level.

A UK corporation may accept a deferred prosecution agreement leaving a Court in a difficult position of striking out the freedom to contract on intuition rather than evidence.