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 today taken action to suspend the registration of Bisotel Rieh Pty Ltd, a remitter based in Sydney.
AUSTRAC has suspended the registration of a remittance provider today due to concerns about possible terrorism financing risk.
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.
AUSTRAC has accepted an enforceable undertaking (EU) from Custom House Currency Exchange (Australia) Pty Ltd.
Australia has further strengthened its efforts to follow the money trail and undermine the business models of international criminal syndicates hiding illicit funds across the globe with the signing of an agreement with Peru, Minister for Justice Michael Keenan said today.
Minister for Justice Michael Keenan said hidden funds from criminal tax cheats using off-shore tax havens are at a five-year low.
Australia has further strengthened its international network to track illicit funds across the globe with the signing of an agreement with Macao, AUSTRAC CEO John Schmidt said today.