One of the major players behind an international crime syndicate that laundered more than $29 million in proceeds of crime in Australia has today been sentenced to 10 years jail.
Yesterday I formally announced my resignation from AUSTRAC to take up a new opportunity with HSBC Bank based in Hong Kong.
Today I congratulate Mr Paul Jevtovic APM on his leadership and achievements in the fight against organised crime and terrorism.
This month four finalists have progressed onto the feasibility study stage of the joint AUSTRAC-ACIC challenge in the Business Research and Innovation Initiative (BRII) program, which forms part of the National Innovation and Science Agenda.
The highest ever civil penalty in corporate Australian history was today ordered against Tabcorp by the Federal Court of Australia.
This civil penalty of $45 million sends an unequivocal message to the financial and gambling sector that if you do not take your AML/CTF Act obligations seriously, AUSTRAC will take action.
Australia’s financial intelligence agency, AUSTRAC, shares for the first time the lessons learnt from 2016 compliance assessments of reporting entities.
Australia is leading the world in the fight against terrorism financing and money laundering with the unveiling today of a powerful new public and private sector initiative, the Fintel Alliance.
A ground-breaking specialist training course that will produce world-leading financial intelligence analysts to hunt down financial criminals will be offered in Australia.
The Australian and Indonesian governments are joining forces to cut the financial lifelines that enable terrorists.