Photo of Dr Hugh McDermott Dr Hugh McDermott

Profile

 
Hugh holds the position of Senior Lecturer in Law Enforcement and is the Postgraduate Course Director of the Anti-Money Laundering/Counter Terrorist Financing, Fraud and Financial Crime program courses at the School.  In this role he lecturers to law enforcement, regulators and corporate compliance officers in Australia, at the Jakarta Centre for Law Enforcement Cooperation (UNODC Indonesia), the National Police Academy India and in the Middle East.

Hugh’s research interests include financial crime involving transnational corporations and organised crime syndicates, Corruption, Anti-money laundering/counter terrorist financing, and Proceeds of Crime regulation.  Frequently invited to speak at business, academic and legal conferences in Australia, Asia, US, UK and Offshore Financial Centres, Hugh, has published a significant amount of articles, monographs and opinion pieces on the subjects of public policy, corporate crime, money laundering, workplace relations and civil litigation.

Hugh is involved in a number of Faculty committees including the AGSPS Human Research Ethics Committee, the AGSPS Teaching and Research Committee and the Australian Institute of Police Management (AIPM) Ethical Review and Research Governance Advisory Committee as well as being actively involved in policy research institutions including The McKell Institute, Catalyst and the NSW Council for Civil Liberties.  Hugh is also a Board Member of the Australasian Chapter of the Association of Anti-Money Laundering Specialists. 

Since joining the School, Hugh has provided advice/opinions to major financial institutions, multi-national corporations, national governments, regulatory agencies and private industry clients on a range of legal and regulatory matters.   Examples of clients that can be named include:
• Australian Transaction Reports & Analysis Centre (AUSTRAC)
• Asia Pacific Economic Co-operation (APEC) Secretariat, Singapore
• Kingdom of Thailand, Anti-Money Laundering Office (AMLO)
• Australian Financial Markets Association
• Indonesian Bankers Association for Risk Management (BARa)
• Malaysian Anti-Corruption Commission
• Australian Federal Police
• NSW Police Force

Hugh serves as Co-Chair (with the Shadow Attorney-General) to the NSW ALP Safer Communities Commission, as Western Sydney Representative to the NSW ALP State Policy Forum and is the President of the NSW Society of Labor Lawyers.

See Blog: www.lawcrimepolitics.com

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Teaching

The Anti-Money Laundering/Counter Terrorist Financing, Fraud and Financial Crime program is a series of courses aiming to meet the educational needs of those with responsibility for financial crime investigation and prevention in the police, the public and corporate sectors. As Courses Director, Hugh has oversight of the subjects for the Graduate Certificate, the Graduate Diploma and the Masters subjects, namely:


• JST498 Foundations in Financial Crime
• JST 12 Financial Crime Control & Risk Management
• JST473 Forensic Accounting and Asset Recovery
• JST499 Investigating and Prosecuting Fraud & Financial Crime
• GPM427 Investigating and Prosecuting Money Laundering and Terrorist Financing
• JST408 Cyber and Technology Enabled Crime
• JST 528 Anti-Money Laundering and Counter Terrorist Financing: Operational Issues
• JST529: Fraud & Financial Crime: Operational Issues

 

These courses were developed in collaboration with the NSW Police Force, the Australian Federal Police and the Finance and Banking Industry.

 

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Research

Hugh’s research interests include:
  • Financial crime
  • Corruption
  • Anti-money laundering/counter terrorist financing
  • Fraud
  • Proceeds of crime regulation
  • Asset forfeiture and recovery

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Qualifications


2008  Doctor of Philosophy (Laws), King’s College London, The University of London
2002 Graduate Studies in International Law, United Nations Office, Geneva
1999  Bachelor of Laws (Hons 2:1), University of Technology, Sydney
1998  Certificate in Chinese Law, China University of Political Science & Law, Beijing
1997 Master of Labour Law and Relations, The University of Sydney
1995  Bachelor of Arts (Political Science), The University of New England, Australia


Professional Qualifications

2010  Barrister-at-Law, New South Wales, England & Wales (Inner Temple)
2007 Certified Anti-Money Laundering Specialist (CAMS)
2006 Attorney-at-Law, Cayman Islands
2005 Solicitor Advocate (Higher Rights of Audience), England & Wales
2000 Solicitor, New South Wales; Barrister & Solicitor, High Court of Australia



 
 
 

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Professional Memberships


  • The New South Wales Bar Association
  • The Bar Council of England & Wales
  • The Honourable Society of the Inner Temple
  • Board Member, Australasian Chapter, Association of Certified Anti-Money Laundering Specialists
  • Research Board Member, The McKell Institute
  • Australian Institute of Police Management (AIPM) Ethical Review and Research Governance Advisory Committee

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Awards and Fellowships

  • Visiting Scholar, School of Public Affairs, American University Washington D.C.
  • Australian Defence Medal
  • London Goodenough Trust for Overseas Graduates Fellowship
  • The Honourable Society of the Inner Temple
  • Board Member, Australasian Chapter, Association of Certified Anti-Money Laundering Specialists
  • Research Board Member, The McKell Institute
  • Australian Institute of Police Management (AIPM) Ethical Review and Research Governance Advisory Committee  

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Publications

Recent Articles and Opinion Pieces

McDermott, H., (ed) (2012) Selected Readings in Financial Crime, Thomson Reuters, Sydney, (In-press).

McDermott, H. (2012) “If police and government can’t control Sydney gun crime, local communities must”, The Conversation, 15 May.


McDermott, H., (2011) “ASIC Monitoring can forewarn of attack” Australian Financial Review, 10 September.

McDermott, H., (2011) “Financing Terrorists and Terrorism post 9/11” OnLineOpinion.com.au, 11 September .

McDermott, H., (2011) "Suspicious Monitoring Reports under Section 51...are Reporting Entities Protected", Anti Money Laundering Magazine, Australian Financial Markets Association, Sydney, July.

McDermott, H., (2011) "Supervision, AUSTAC Style", Anti Money Laundering Magazine, Australian Financial Markets Association, Sydney, May.

McDermott, H., (2010) "Can you trust a Trust? The use of Trusts for laundering the proceeds of crime in Australia", Anti Money Laundering Magazine, Australian Financial Markets Association, Sydney, August.

McDermott, H., (2010) "Beneficial Ownership:  International Approaches", Anti Money Laundering Magazine, Australian Financial Markets Association, Sydney, May.

McDermott, H., (2008) "Corporate Compliance Regulations: Tackling Money Laundering and Financial Crime", Cayman Financial Review, May.

McDermott, H., (2008) "Cayman Anti-Corruption Watchdog Needed", The Cayman Islands Journal, April, p 4.

McDermott, H. (2007) "Future U.S. Influences on Regulatory Compliance", The Cayman Islands Journal, December, p 14.

McDermott, H. (2007) "Facing the Challenge of Money Laundering", in Achieving Balance: Tenth Anniversary of the Cayman Islands Monetary Authority, Cayman Observer, Issue 166, 8 November, p A21.

McDermott, H. (2007) "Potential nuclear conflict linked to offshore banking activities", Business Monday, Cayman Net News, 2 April, p 77.

McDermott, H. & Ritchie QC, G. (2007) "Litigation in the Cayman Islands", Dispute Resolution in 43 Jurisdictions Worldwide, Law Business Research Ltd, London. Republished and updated 2008.


Chapters and Monographs

McDermott, H. "Chapter 1: An Introduction to Common Law and Civil Law Concepts and Practice", (2004) in A Guide to International Legal Services for British Overseas Missions, Foreign & Commonwealth Office/Department of Constitutional Affairs, London.

McDermott, H. "Chapter 2: An Overview of the British Legal System", (2004) in A Guide to International Legal Services for British Overseas Missions, Foreign & Commonwealth Office/Department of Constitutional Affairs, London.

Recent Conference Papers and Speaking Engagements


McDermott, H.  "Corporate Governance Case Study: The Actions of the James Hardie Board", Master of Business, Faculty of Engineering and Information Technology, University of Technology, Sydney, 29 March 2011.

McDermott, H. "Establishing effective programs for Capital Markets - Securities Sector insights into Hedge funds and Tax Havens.", BARa Risk Forum 2010 - Financial Crime Asia, Indonesian Bankers Association for Risk Management, Bali, Indonesia, 10 December 2010.

McDermott, H. "Capital Market and its vulnerabilities - low to make a Million dollars on the Stock Market.", BARa Risk Forum 2010 - Financial Crime Asia, Indonesian Bankers Association for Risk Management, Bali, Indonesia, 9 December 2010.

McDermott, H. "Terrorist Financing", Master of International Studies,  Department of Government and International Relations, Faculty of Art and Social Sciences, The University of Sydney, 7 October 2010.

McDermott, H.,  "An Analysis of Money Laundering strategies using Hedge Funds and Off-Shore Companies", APEC Seminar Series: Current and Emerging Trends in Money Laundering and Terrorism Financing, Asia Pacific Economic Cooperation (APEC) Secretariat,  Bangkok, Thailand, 13 May 2010, and Cairns, Australia, 20 September 2010. 
 
McDermott, H., "Panel Discussion: Designated Non-Financial Businesses and Professions (DNFBPs) - AML Regulation, Impact and Problems", APEC Seminar Series: Current and Emerging Trends in Money Laundering and Terrorism Financing, Asia Pacific Economic Cooperation (APEC) Secretariat, Bangkok, Thailand, 13 May 2010, and Cairns, Australia, 21 September 2010. 

McDermott, H., "The Use of Securities and the Stock Market to Launder the Proceeds of Crime", APEC Seminar Series: Current and Emerging Trends in Money Laundering and Terrorism Financing, Asia Pacific Economic Cooperation (APEC) Secretariat, Bangkok, Thailand, 12 May 2010, and Cairns, Australia, 22 September 2010. 
 
McDermott, H. "E-Crime/Fraud: Present and Future Trends in Australia", Commercial Crime Course /Master of Arts (Fraud & Financial Investigation), Centre for Investigative Studies & Crime Reduction, Australian Graduate School of Policing, Charles Sturt University, 13 April 2010 and 23 August 2010.

McDermott, H.  "Corporate & Fraud Governance: aligning risk with governance, controls, assurance, and the Corporations Act", Fraud Risk Management Conference, Sydney, 19 May 2010.

McDermott, H.  "Corporate Governance Case Study: The Actions of the James Hardie Board", Master of Business, Faculty of Engineering and Information Technology, University of Technology, Sydney, 18 March 2010.

McDermott, H., "Can you ever really know your customer? -The farce of paper identity verification", Electronic Identity Verification, Sydney, 16 February 2010 and Melbourne, 18 February 2010.

McDermott, H.  "How to steal $US65 BN without anyone noticing....the Madoff Fraud", Australian Securities & Investments Commission, Sydney via videolink to all offices, 1 May 2009; and the Sydney and Canberra offices of the Australian Transactions & Reporting Authority (AUSTRAC), 30 June 2009.

McDermott, H. "Dealing with Tax Investigations by 'Onshore' Regulators", 3rd Annual Conference on Practical Issues in Trust and Company Administration, Nassau, Bahamas, 5 March 2008 and Grand Cayman, Cayman Islands, 7 March 2008.

McDermott, H. "Anti-Money Laundering and Offshore Trusts", 3rd Annual Conference on Practical Issues in Trust and Company Administration, Nassau, Bahamas, 26 October 2007 and Grand Cayman, Cayman Islands, 24 October 2007.

McDermott, H. "The Impact of Regulatory Compliance in a Changing Landscape: Basel II, Regional Reputation & the US Influence", 3rd Annual Anti-Money Laundering & Compliance Conference, Grand Cayman, Cayman Islands, 8 October 2007.

McDermott, H. "Anti-Money Laundering, Asset Tracing and Pursuing the Proceeds of Crime in Offshore Jurisdictions", USA Pacific Business Law Conference, New York City, 3 July 2007.

McDermott, H. "Commercial Litigation in Offshore Jurisdictions", USA Pacific Business Law Conference, New York City, 3 July 2007.

McDermott, H. "Directors' Duties and Obligations Under Cayman Law and English Law: A Comparative Overview", Directors: Topical, Legal & Risk Issues, Legalease Conferences, Grand Cayman, 10 July 2006.

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