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News and updates

3 August 2016
Recent remittance registration actions

Enforcement action taken to cancel and suspend three remitters' registrations.

29 June 2016
Two remitter registrations cancelled this week

AUSTRAC has cancelled the registration of ToKorea Pty Ltd and Vision Rehoboth Pty Ltd this week.

28 June 2016
Guidance for reporting entities providing remittance services incidental to their core business

AUSTRAC has published new guidance to clarify the obligations of reporting entities where they provide remittance services that are incidental to their core business.

28 June 2016
Clarifying the exceptions to the beneficial ownership obligations

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.

24 June 2016
New case study

AUSTRAC helps bust money laundering syndicate...

16 June 2016
Three independent remittance dealers suspended

Effective 15 June 2016, AUSTRAC has suspended the registration of three entities on the Remittance Sector Register.

9 June 2016
Updates to the AUSTRAC compliance guide

AUSTRAC has published a list of updates made to the AUSTRAC compliance guide since it was published in September 2014.

9 June 2016
Draft costings on Chapter 4 amendments

Draft costings on the amendments relating to electronic safe harbour procedures for customers are now available for public consultation.

9 June 2016
Registration cancelled for two remitters

AUSTRAC has cancelled the registrations of Korea Pty. Ltd. and Forex Sydney Pty Ltd.

2 June 2016
Independent remittance dealer suspended

AUSTRAC has suspended the registration of Vision Rehoboth Pty Ltd, trading as City Kowon.

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