❓ Mr. Love questions the Minister regarding Gold Corporation's due diligence on high-risk clients, particularly those from the UAE. The Minister avoids a direct 'yes' or 'no', instead praising the CEO and highlighting compliance efforts.
AnsweredQoN 710Legislative Assembly
QuestionView source ↗
GOLD CORPORATION — RISK MANAGEMENT
710. Mr R.S. LOVE to the Minister for Mines and Petroleum:
I have a supplementary question. Is
the minister satisfied that Gold Corporation is currently conducting due
diligence on all high-risk clients, including customers from areas such as the
United Arab Emirates?
710. Mr R.S. LOVE to the Minister for Mines and Petroleum:
I have a supplementary question. Is
the minister satisfied that Gold Corporation is currently conducting due
diligence on all high-risk clients, including customers from areas such as the
United Arab Emirates?
AnswerView source ↗
What I say to the member is: the
good news is that we have a dynamic and effective chief executive officer in
Jason Waters. The change to the business since Jason Waters came into the
business has been remarkable. For example,
the obligations that had never been complied with at any time under the former
government for registration in the United States, in respect of customer
protection issues over there, have been found by Jason Waters in his role as the CEO of Gold Corporation. I go back and
answer the question again exactly as I did in the first part: we are working through all the ''know your
customer'' obligations, and the business, as has been announced
previously by the Australian Transaction Reports and Analysis Centre, is
working with relevant authorities on the arrangements that AUSTRAC has requested.
good news is that we have a dynamic and effective chief executive officer in
Jason Waters. The change to the business since Jason Waters came into the
business has been remarkable. For example,
the obligations that had never been complied with at any time under the former
government for registration in the United States, in respect of customer
protection issues over there, have been found by Jason Waters in his role as the CEO of Gold Corporation. I go back and
answer the question again exactly as I did in the first part: we are working through all the ''know your
customer'' obligations, and the business, as has been announced
previously by the Australian Transaction Reports and Analysis Centre, is
working with relevant authorities on the arrangements that AUSTRAC has requested.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.