AUSTRAC’s financial intelligence helped convict a remitter laundering illicit funds for crime syndicates.
AUSTRAC’s financial intelligence helped law enforcement agencies dismantle a major drug syndicate operating in Australia and Vietnam.
AUSTRAC’s financial intelligence was the catalyst for a criminal investigation into a married couple’s unexplained wealth.
AUSTRAC sparked a criminal investigation into unregistered remitters that led to money laundering convictions and the forfeiture of millions.
Businesses and organisations must provide AUSTRAC with updated annual earnings so they pay the correct industry contribution levy amount.
Individuals, businesses or organisations that no longer offer designated services must apply to be removed from AUSTRAC’s roll or register.
Businesses must enrol any new business that provides designated services through AUSTRAC Online.
Your AML/CTF program must document the enhanced customer due diligence program that you will apply when the money laundering/terrorism financing risk is high.
You must have a transaction monitoring program in place to identify suspicious and high-risk transactions from customers.