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Media releases

Format: 27/06/2019
Format: 27/06/2019
Requirement to declare currency remains unchanged

Travellers into and out of Australia are reminded that it is a legal requirement under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) to declare currency of AUD$10

First Australian conviction for unregistered remittance service

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.

Minister for Justice media release: AUSTRAC risk assessment of stored value cards

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.

AUSTRAC launches financial crime red flags guide for financial planners

A new tool for financial planners to help fight serious financial crime including terrorism financing

CEO statement: Departure from AUSTRAC

Yesterday I formally announced my resignation from AUSTRAC to take up a new opportunity with HSBC Bank based in Hong Kong.

Joint media release: Start-ups to help make intelligence products smarter

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.

Record $45 million civil penalty ordered against Tabcorp

The highest ever civil penalty in corporate Australian history was today ordered against Tabcorp by the Federal Court of Australia.

CEO statement: Tabcorp matter

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.

AUSTRAC shares insights from compliance assessments

Australia’s financial intelligence agency, AUSTRAC, shares for the first time the lessons learnt from 2016 compliance assessments of reporting entities.

New fact sheets for pubs and clubs on money laundering

Two new fact sheets on money laundering risks now available to help pubs and clubs protect their business.

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