KordaMentha brings academic muscle to financial | Australian Markets

Advisory and investment firm KordaMentha has introduced the institution of a “pioneering” analysis facility, in partnership with the University of Swinburne, devoted to stamping out financial crime.

The newly launched Financial Crime Lab, based mostly in Swinburne’s Hawthorn campus in Melbourne, can be tasked with investigating and researching crucial areas of concern within the sphere, together with financial fraud, cybercrime, and new anti-money laundering (AML) and counter-terrorism financing (CTF) legal guidelines.

Students will gain “practical, hands-on experience” in combating financial crime, KordaMentha mentioned, with the objective of “fostering the next generation of financial crime experts”.

“The initiative “brings together academic learning with real-world experience in combating financial crime”, with college students working instantly with the firm’s financial crimes specialists.

Lab college students may even have the chance to “earn as they learn” with KordaMentha, with Lab college students employed by the firm additionally receiving further management, teaching, coaching and academic help.

Swinburne’s senior lecturer in accounting, Dr John Webster mentioned the “lab… directly addresses the huge surge in financial crime, including cybercrime, by preparing students to step into roles that protect businesses, individuals, and the economy”.

The Lab may even function an incubatory setting for college students to enter the workforce, addressing the “massive skills gap” within the enforcement of ML/TF funding.

Demand for such professionals will swell to more than 100,000 within the coming years, in accordance to KordaMentha, with “only a fraction of this number” within the present workforce.

“We know that industry is crying out for skilled financial crime fighters. We’re proud to offer students a fast-tracked pathway into the workforce, while partnering closely with industry to ensure they’re getting the workforce they need, now,” mentioned performing govt dean of Swinburne’s School of Business, Law and Entrepreneurship Professor Nicki Wragg

Alice Saveneh-Murray, companion at KordaMentha added: “The launch of the Financial Crime Lab reflects our commitment to fostering talent and addressing the critical need for skilled anti-money laundering and counter-terrorism funding professionals.”

“By providing students with practical, hands-on experience, we are enhancing their employability while also contributing to the broader effort to combat financial crime in Australia.”