AUSTRAC has ordered the appointment of an external auditor to Afterpay Pty Ltd (Afterpay) to examine its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act).
The NSW Police Force and the Australian Transaction Reports and Analysis Centre (AUSTRAC) are reminding digital currency exchange providers to be aware of their obligations following amendments to Commonwealth legislation last year.
A 27-year-old Bulleen man has been arrested during the second phase of an Australian Federal Police (AFP) investigation into an organised crime syndicate. Following the arrests, AUSTRAC suspended the registrations of two digital currency exchange businesses the man is associated with.
Today AUSTRAC released guidance to educate Australia’s Superannuation sector of the risks they face from criminal exploitation and how they can proactively combat financial crime.
AUSTRAC has cancelled the registrations of Ghadir Group Pty Ltd and Treasure Chest Trading Pty Ltd for ongoing non-compliance resulting in unacceptable money laundering and terrorism financing risk.
IDCARE, Scamwatch and AUSTRAC have responded to over a thousand enquiries from Australians looking to apply for compensation from the US Government after falling victim to international fraud syndicates targeting individuals through Western Union money transfers.
AUSTRAC continues to build its global network of financial intelligence capability with the appointment of the first ever AUSTRAC financial intelligence analyst to be posted in China.
The fourth Counter-Terrorism Financing (CTF) Summit will be held in Bangkok Thailand and will bring together over 350 global leaders and specialists in financial intelligence together with senior representatives from regulatory, law enforcement, national security and policy agencies, industry participants and academics.
The AUSTRAC annual report 2017-18 is now available. It highlights some significant and record achievements for the agency during the 2017-18 financial year.
AUSTRAC and its U.S. counterpart, the Financial Crimes Enforcement Network (FinCEN), have today strengthened their alliance in the fight against serious financial crime and terrorism financing.