In the wake of an historic court conviction, AUSTRAC has warned that legal action will be taken against unregistered remitters who engage in deliberate and systemic breaches of AML/CTF laws.
Australia's first risk assessment of stored value cards has revealed how criminals can exploit these seemingly innocent modern technologies for ill-gotten gains, including money laundering and terror financing.
A new tool for financial planners to help fight serious financial crime including terrorism financing
Yesterday I formally announced my resignation from AUSTRAC to take up a new opportunity with HSBC Bank based in Hong Kong.
This month four finalists have progressed onto the feasibility study stage of the joint AUSTRAC-ACIC challenge in the Business Research and Innovation Initiative (BRII) program, which forms part of the National Innovation and Science Agenda.
The highest ever civil penalty in corporate Australian history was today ordered against Tabcorp by the Federal Court of Australia.
This civil penalty of $45 million sends an unequivocal message to the financial and gambling sector that if you do not take your AML/CTF Act obligations seriously, AUSTRAC will take action.
Australia’s financial intelligence agency, AUSTRAC, shares for the first time the lessons learnt from 2016 compliance assessments of reporting entities.
AUSTRAC to Chair the International Supervisors forum
Two new fact sheets on money laundering risks now available to help pubs and clubs protect their business.