The overall ML/TF risk for the securities and derivatives sector is assessed as medium. Australia’s securities and derivatives sector attracts a wide range of criminal threats that often involve sophisticated tactics and methods. Serious and organised crime groups have exploited the sector to launder money and engage in market manipulation. The most common crime type reported in the sector is fraud; with money laundering, insider trading and market manipulation also posing a risk.
This risk assessment provides sector-specific information on ML/TF risks at the national level for entities operating in securities and derivatives. Its primary aim is to assist the sector to identify, understand and disrupt ML/TF and other criminal offences targeting Australia’s financial system.
This risk assessment is intended to provide a summary and general overview; it does not assess every risk or product relevant to securities and derivatives markets. It does not set out the comprehensive obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), AML/CTF regulations and AML/CTF Rules. It does not constitute nor should it be treated as legal advice or opinions. The Commonwealth accepts no liability for any loss suffered as a result of reliance on this publication. AUSTRAC recommends that independent professional advice be sought.
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