Travellers into and out of Australia are reminded that it is a legal requirement to declare currency of AUD$10,000 or more.
AUSTRAC will take action if the financial and gambling sectors do not take their AML/CTF Act obligations seriously.
The highest ever civil penalty in corporate Australian history was today ordered against Tabcorp by the Federal Court of Australia.
An AML/CTF program must include processes to identify politically exposed persons (PEPs) and procedures to mitigate associated ML/TF risks.
AUSTRAC has filed a further 61 alleged contraventions against 3 Tabcorp companies adding to current civil penalty court proceedings.
AUSTRAC and its U.S. counterpart, the Financial Crimes Enforcement Network (FinCEN), have today strengthened their alliance in the fight against serious financial crime and terrorism financing.
The 3rd Counter-Terrorism Financing (CTF) Summit organised by Bank Negara Malaysia with AUSTRAC and Indonesia’s Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK), will be held in Kuala Lumpur from 20-23 November 2017
AUSTRAC has filed papers in the Federal Court against three Tabcorp group companies for extensive, significant and systemic non-complianc
AUSTRAC exchanges intelligence with international partners, is active in global organisations, and provides training to regional neighbours.