The Privacy Impact Assessment on the draft amendments to Chapter 4 regarding collecting information from other than the customer has been finalised.
News and updates
Former solicitor steals more than AUD1 million as part of an elaborate mortgage refinancing fraud to fuel his long-term gambling addiction.
AUSTRAC has cancelled the registration of Mr Yousif Murad.
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.
AUSTRAC has cancelled the registration of Narinder Singh (trading as Star Link Travel), an affiliate of Western Union Financial Services Australia.
AUSTRAC has cancelled the registration of Marco Traiding Pty Ltd, an affiliate of Western Union Financial Services Australia.
AUSTRAC has published draft amendments to Chapter 38 of the AML/CTF Rules - sale of shares for charitable purposes.
Important changes have been made to Australia’s AML/CTF Regulations.
In June 2014 changes to the AML/CTF Rules impacted CDD obligations for reporting entities in relation to beneficial ownership and politically exposed persons.