News and updates

15 April 2016
New case study: Fraud to finance a gambling addiction
Former solicitor steals more than AUD1 million as part of an elaborate mortgage refinancing fraud to fuel his long-term gambling addiction.
15 April 2016
Registration cancelled
AUSTRAC has cancelled the registration of Mr Yousif Murad.
13 April 2016
Reminder for pubs and clubs with gaming machines
Pubs and clubs with gaming machines must be enrolled with AUSTRAC because gambling is a common method of laundering money to make it seem legitimate.
23 March 2016
Star Link Travel's registration cancelled
AUSTRAC has cancelled the registration of Narinder Singh (trading as Star Link Travel), an affiliate of Western Union Financial Services Australia.
18 March 2016
Remitter cancellation
AUSTRAC has cancelled the registration of Marco Traiding Pty Ltd, an affiliate of Western Union Financial Services Australia.
16 March 2016
RNPs – guidance on renewal of affiliates
New guidance for Remittance Network Providers on the renewal of affiliates is available in chapter 5 of the
7 March 2016
Draft AML/CTF Rules now open for consultation
AUSTRAC has published draft amendments to Chapter 38 of the AML/CTF Rules - sale of shares for charitable purposes.
27 February 2016
AML/CTF countermeasures against Iran and North Korea
Important changes have been made to Australia’s AML/CTF Regulations.
19 February 2016
Customer due diligence update
In June 2014 changes to the AML/CTF Rules impacted CDD obligations for reporting entities in relation to beneficial ownership and politically exposed persons.
12 January 2016
Two remitters have had registration suspended
Western Union affiliates Weigang Li & Dongfang Tan (trading as Empire Milk Bar) & Narinder Singh (trading as Star Link Travel) were suspended on 15 December 2015.

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