25 June 2015
Australia’s international network to track illicit funds has been further boosted with the signing of MoUs with Russia, Bahrain and the Turks & Caicos Islands.
2 June 2015
AUSTRAC has released two new reports to help Australian businesses identify money laundering methodologies used through real estate agents and lawyers.
27 May 2015
Canberra Southern Cross Club Limited (CSCC) has been required to appoint an external auditor to assess and help improve its compliance with AML/CTF laws.
20 May 2015
AUSTRAC has fined one of the world’s largest remittance network providers almost $0.5 million for systemic contraventions of Australia’s AML/CTF laws.
13 May 2015
AUSTRAC has cancelled the registration of Sydney-based independent remitter FNF First National Finance Pty Ltd (FNF), due to significant money laundering or financing of terrorism risk.
6 February 2015
AUSTRAC has fined Australian online bookmaker ClassicBet Pty Ltd for a breach of Australia’s AML/CTF laws.
5 February 2015
AUSTRAC has cancelled the registration of two money transfer businesses as it is satisfied that their registrations involve a significant money laundering risk.
21 January 2015
One of the world’s largest remittance network providers has been fined for contraventions of Australia’s AML/CTF laws.
19 December 2014
AUSTRAC has cancelled the registration of Sydney-based independent remitter Ocean Pass Finance Pty Ltd (Ocean Pass), as it is satisfied that its registration involves significant money laundering or terrorism financing risk.
20 November 2014
Today, AUSTRAC cancelled the registration of a Melbourne based remitter, AVSForex Pty Ltd (AVSForex), following the conviction of its sole director for money laundering.