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.
AUSTRAC has ordered the appointment of an external auditor to Afterpay Pty Ltd (Afterpay) to examine its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act).