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News and updates

AUSTRAC industry contribution

20 April 2015

Final Ministerial Determination for 2014–15 now available.

Proposed changes to the annual compliance report

16 April 2015

AUSTRAC intends to defer the implementation of any changes to its compliance reporting requirements to allow for further industry consultation.

New guidance on the Document Verification Service

16 April 2015

Information on the Document Verification Service which was recently published for public consultation, has now been incorporated into the AUSTRAC compliance guide.

Media releases

Canberra Southern Cross Club Limited (CSCC) has been required to appoint an external auditor to assess and help improve its compliance with AML/CTF laws.

AUSTRAC has fined one of the world’s largest remittance network providers almost $0.5 million for systemic contraventions of Australia’s AML/CTF laws.

AUSTRAC has cancelled the registration of Sydney-based independent remitter FNF First National Finance Pty Ltd (FNF), due to significant money laundering or financing of terrorism risk.