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.
AUSTRAC has decided to suspend the registration of Bisotel Rieh Pty Ltd for a further seven days while written submissions from the remitter are considered.
AUSTRAC has suspended the registration of a remittance provider today due to concerns about possible terrorism financing risk.
AUSTRAC has today taken action to suspend the registration of Bisotel Rieh Pty Ltd, a remitter based in Sydney.
The Government is determined to detect and disrupt terrorism financing in Australia and take action against people who provide support to terrorist organisations.
AUSTRAC Acting CEO, Peter Clark, announced today that AUSTRAC has cancelled the registration of a remittance provider from the AUSTRAC Remittance Sector Register.
Australia has strengthened trans-Tasman cooperation in the fight against money laundering and terrorism financing, signing a new Memorandum of Understanding (MoU) with New Zealand.