We have clarified the ‘safe harbour’ verification procedures for individual customers, including requirements around a customer’s ‘full name’.
News and updates
The Ministerial Determination setting the AUSTRAC industry contribution for 2016–17 has been published.
The 2nd annual Counter-Terrorism Financing (CTF) Summit was held in Bali from 8-11 August 2016.
The Nusa Dua Statement reflects on the success of the 2016 CTF Summit and outlines the roadmap for action ahead of the next Summit in Malaysia in 2017.
The regional risk assessment on terrorism financing 2016 was officially launched at the 2016 CTF Summit in Bali today.
Enforcement action taken to cancel and suspend three remitters' registrations.
AUSTRAC has cancelled the registration of ToKorea Pty Ltd and Vision Rehoboth Pty Ltd this week.
AUSTRAC has published new guidance to clarify the obligations of reporting entities where they provide remittance services that are incidental to their core business.
AUSTRAC has published new guidance to clarify the application of the exceptions to the beneficial ownership obligations under paragraph 4.12.2 of the AML/CTF Act.
AUSTRAC helps bust money laundering syndicate...