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News and updates

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
Remitter re-registered with conditions

Estefa Milka Honores (trading as American Cash Service), whose registration was cancelled in August 2015, has been re-registered with conditions.

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.

6 January 2016
Compliance report for 2015 now available

Lodge your report via AUSTRAC Online between 4 January 2016 – 31 March 2016.

4 January 2016
Working Group on Remittance Account Bank Closures

The Attorney-General's Department have released details of the working group and its outcomes.

7 December 2015
New methodologies brief released

Explore the financial characteristics associated with known foreign terrorist fighters and supporters.

25 November 2015
New guidance - Key terms used in 'politically exposed person' definition

AUSTRAC has published new guidance explaining the key terms used in relation to customers who are ‘politically exposed persons’ (PEPs).

25 November 2015
Draft Privacy Impact Assessment - Amendments to Chapter 4 of the AML/CTF Rules

A draft PIA for amendments to Chapter 4 of the AML/CTF Rules is now open for consultation.

26 October 2015
2015–16 AUSTRAC Industry Contribution

Final Ministerial Determination for 2015–16 now available.