Digital currency exchange (DCE) providers operating in Australia have been required to register with AUSTRAC since April 2018.
Reporting entities must appoint an AML/CTF compliance officer to make sure they comply with their AML/CTF obligations.
An employee due diligence program documents the procedures you use to screen your employees to identify and minimise ML/TF risk.
The Public Interest Disclosure Act 2013 (PID Act) promotes the integrity and accountability of the Commonwealth public sector by creating
AUSTRAC supported an investigation into a drug trafficking syndicate suspected of supplying and distributing narcotics in Australia.
Reporting entities must provide ML/TF risk awareness training to employees.
AUSTRAC intelligence helped send seven members of an international crime syndicate to prison for importing illicit drugs and laundering money.
A joint investigation into a sophisticated money laundering scheme leads to 10 arrests and the disruption of an international crime syndicate.
AUSTRAC helped authorities to investigate a tax avoidance scheme that used illegal trading known as ‘phoenixing’.