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Media releases

Format: 26/09/2017
Format: 26/09/2017
AUSTRAC takes Federal Court action against three Tabcorp companies

AUSTRAC has filed papers in the Federal Court against three Tabcorp group companies for extensive, significant and systemic non-compliance with Australia’s AML/CTF legislation.

AUSTRAC strengthens information exchange with Bangladesh

AUSTRAC has today signed a memorandum of understanding (MOU) with Bangladesh.

Money laundering – PEPs, corruption and foreign bribery

A new report from AUSTRAC will help Australian businesses – our first line of defence – identify suspicious behaviours of people moving corrupt funds into Australia.

AUSTRAC to exchange financial intelligence with Russia and two more countries

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.

Real estate agents and lawyers vulnerable to money laundering risk

AUSTRAC has released two new reports to help Australian businesses identify money laundering methodologies used through real estate agents and lawyers.

AUSTRAC has required Canberra Southern Cross Club to appoint an external auditor

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.

Largest fine in AUSTRAC's history

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.

Remitter registration cancelled: FNF First National Finance Pty Ltd

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.

Online bookmaker fined and ordered to comply

AUSTRAC has fined Australian online bookmaker ClassicBet Pty Ltd for a breach of Australia’s AML/CTF laws.

AUSTRAC continues to stamp out rogue remitters

AUSTRAC has cancelled the registration of two money transfer businesses as it is satisfied that their registrations involve a significant money laundering risk.

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