One of the world’s largest remittance network providers has been fined for contraventions of Australia’s AML/CTF laws.
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.
Today, AUSTRAC cancelled the registration of a Melbourne based remitter, AVSForex Pty Ltd (AVSForex), following the conviction of its sole director for money laundering.
I would like to acknowledge the five-year contribution of outgoing Australian Transaction Reports and Analysis Centre (AUSTRAC) CEO John Schmidt.
AUSTRAC has cancelled the registration of remittance provider Bisotel Rieh Pty Ltd (Bisotel Rieh).
Paul Jevtovic APM has been appointed as the Chief Executive Officer (CEO) of the Australian Transaction Reports and Analysis Centre (AUSTRAC).
AUSTRAC has suspended the registration of a Melbourne-based remittance provider, AVSForex Pty Ltd (AVSForex) following the conviction of its sole director for money laundering.
The latest annual report from Australia's anti-money laundering and counter-terrorism financing (AML/CTF) agency highlights how following the money trail helps combat serious crime.
Acting AUSTRAC CEO John Schmidt announced that the registration of Sydney-based S K Trading (NSW) Pty Ltd (SKT) had been cancelled.
On 17 September 2014, AUSTRAC suspended the registration of Bisotel Rieh Pty Ltd as a remittance provider due to concerns about possible terrorism financing risk.