Motor vehicle dealers who provide insurance or act as insurance intermediaries must report significant cash transactions and suspect transactions.
The Financial Transaction Reports Act requires solicitors to report significant cash transactions of A$10,000 or more to AUSTRAC.
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.