Photograph: Swinburne Vice-Chancellor Professor Pascale Quester (left) and KordaMentha Accomplice Mark Korda (proper) on the Monetary Crime Lab launch.
Swinburne College of Expertise and KordaMentha are taking daring motion in opposition to the billions of {dollars} laundered in Australia by way of monetary crime, with the launch of the brand new KordaMentha Implementation Companies: Monetary Crime Lab.
The pioneering industry-university collaboration is geared toward addressing the rising influence of economic crime, together with fraud, the growing cyber risk to Australian companies and difficult new anti-money laundering (AML) and counter-terrorism financing (CTF) legal guidelines.
The initiative brings collectively tutorial studying with real-world expertise combating monetary crime. Along with their research, Swinburne college students will earn as they be taught, employed by KordaMentha to achieve hands-on expertise in anti-money laundering, whereas creating their abilities within the state-of-the-art Monetary Crime Lab on Swinburne’s Hawthorn campus.
“The Monetary Crime Lab will allow college students to work instantly with KordaMentha’s specialists combating monetary crimes impacting Australia’s enterprise sector and the group as a complete,” mentioned Swinburne’s senior lecturer in accounting, Dr John Webster.
“The lab additionally instantly addresses the large surge in monetary crime, together with cybercrime, by making ready college students to step into roles that defend companies, people, and the financial system.”
The lab will assist deal with the large abilities hole placing Australian shoppers and companies in danger, together with the shortfall in staff in quickly rising anti-money laundering and counter-terrorism funding enforcement. The necessity for these professionals will swell to over 100,000 within the coming years, with solely a fraction of this quantity within the workforce at present.
Appearing Govt Dean of Swinburne’s College of Enterprise, Legislation and Entrepreneurship Professor Nicki Wragg says the lab represents a pioneering mannequin of {industry} and college collaboration.
“This partnership brings the perfect of {industry} and academia collectively to profit college students, profit the financial system and profit the victims of economic crime,” Professor Wragg mentioned.
“We all know that {industry} is crying out for expert monetary crime fighters. We’re proud to supply college students a fast-tracked pathway into the workforce, whereas partnering intently with {industry} to make sure they’re getting the workforce they want, now.”
The safe, on-campus facility may also host visitor lectures and supply real-world studying, with college students employed by KordaMentha receiving extra management, teaching, coaching and academic help.
“The launch of the Monetary Crime Lab displays our dedication to fostering expertise and addressing the vital want for expert anti-money laundering and counter-terrorism funding professionals,” mentioned Alice Saveneh-Murray, Accomplice at KordaMentha.
“By offering college students with sensible, hands-on expertise, we’re enhancing their employability whereas additionally contributing to the broader effort to fight monetary crime in Australia.”
By equipping college students with the sensible instruments and expertise required to deal with rising threats, Swinburne and KordaMentha are fostering the following technology of economic crime specialists and defending each people and companies whereas supporting the Australian financial system.
Enhancing schooling with {industry} engagement
The Monetary Crime Lab is an initiative from Swinburne’s College of Enterprise, Legislation, and Entrepreneurship, geared toward offering college students with real-world experiences that align with at present’s evolving enterprise panorama.