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Media releases

Format: 27/06/2019
Format: 27/06/2019
AUSTRAC orders audit of Afterpay’s compliance with financial crime legislation

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).

Cybercrime Squad and AUSTRAC remind digital currency exchanges of reporting obligations

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.

One man charged and two cryptocurrency businesses suspended following organised crime investigation

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.

AUSTRAC builds resilience of Superannuation sector with new guidance

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 clamps down on remittance non-compliance

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, the ACCC’s Scamwatch and AUSTRAC team up to support Australian scam victims

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 expands global financial intelligence capability with China posting

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.

Worldwide cooperation to counter terrorism financing

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.

AUSTRAC annual report 2017-18 shows increased reporting and use of financial intelligence

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.

Australia strengthens international partnerships in the fight against financial crime

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.