Westpac and AUSTRAC have today agreed to a 1.3 billion dollar proposed penalty over Westpac’s breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). Westpac and AUSTRAC have agreed that the proposed penalty reflects the seriousness and magnitude of compliance failings by Westpac.
Have your say on proposed updates to the TTR guidance by 22 December 2021.
Where to find information on our website that meets the requirements of an Information Publishing Scheme under the Freedom of Information Act 1982.
AUSTRAC recently took action against 13 remittance and digital currency exchange providers with more than 50 others still in its sights.
E-learning modules are available to support you to understand and comply with your anti-money laundering and counter-terrorism financing
We seek your feedback on the new draft Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Rules, following the passing of the Bill to amend the AML/CTF Act. Submissions close on 14 February 2025.
A detailed national assessment of Australia’s exposure to proliferation financing threats and vulnerabilities.
An AUSTRAC intelligence report has assisted the arrest of a man who was subsequently charged with importing a commercial quantity of drugs.