Financial crime expert Tim Phillipps appointed Executive Chair of Identitii

ASX-listed Identitii have today announced the appointment of Tim Phillipps (pictured) as Executive Chair.

Tim Phillipps joined the Identitii board as Non-Executive Director in May 2021, was appointed Non-Executive Chair in June 2022, and will take a more active role in the daily operations of the company following his appointment today.

Following the recently announced agreement with Cherry Hub, Identitii is now well placed to help Australia’s hospitality venues, clubs and hotels meet their Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) obligations. In responding to the needs of Cherry Hub and their customers, the company benefited greatly from Mr Phillipps’ 45 years’ experience in the fight against financial crime, and his detailed knowledge of complex regulatory frameworks, and their practical applications.

Through his early years identifying and investigating financial crime with Victoria Police, to his role as Director of Enforcement at the Australian Securities and Investments Commission (ASIC), and his two decades with Deloitte in Australia and Singapore, most recently leading Deloitte’s APAC Financial Crime Network, Phillipps’ skills and experience are invaluable to the company in designing and delivering a market-leading financial crime compliance solution, tailored to non-bank regulated businesses.

Commenting on his appointment, Tim Phillipps said, “Having spent years developing and deploying financial crime programs for diverse organisations globally, I recognise the unique challenges faced by medium and small enterprises in Australia. I’m passionate about enabling these businesses to effectively combat money laundering, a critical enabler of crimes like child exploitation and human trafficking. By providing access to affordable, cutting-edge technology, we can collectively strengthen our defences against these devastating activities and make a tangible difference.”

Commenting on the announcement, John Rayment, CEO of Identitii, said, “A productive relationship between the Chair and the CEO is crucial to effective governance and the sustainable success of a business. Mutual trust and private candour are key, and I am extremely fortunate that my working relationship with Tim is strong, and recognises our respective strengths and weaknesses. I’m excited about a future where Tim is more involved in the daily operations of the company and believe it will deliver a stronger future for Identitii, its team, customers and shareholders.”