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Minister for Justice media release: AUSTRAC risk assessment of financial planning industry

Australia's first risk assessment of money laundering and terrorism financing within the financial planning industry has found a "medium" level risk across the sector.

This is the second risk assessment of key financial sectors by the Federal Government's financial intelligence agency AUSTRAC, following a report on the superannuation sector.

Australia's financial planning industry raised $4.6 billion in revenue in 2016 and is accessed by one in five Australians, so it's crucial that we work together with industry to protect it from criminal abuse.

Read the full media release on the Minister for Justice website.

Last modified: 21/12/2016 12:55