Pubs and clubs with gaming machines must be enrolled with AUSTRAC because gambling is a common method of laundering money to make it seem legitimate.
News and updates
AUSTRAC has cancelled the registration of Narinder Singh (trading as Star Link Travel), an affiliate of Western Union Financial Services Australia.
AUSTRAC has cancelled the registration of Marco Traiding Pty Ltd, an affiliate of Western Union Financial Services Australia.
AUSTRAC has published draft amendments to Chapter 38 of the AML/CTF Rules - sale of shares for charitable purposes.
Important changes have been made to Australia’s AML/CTF Regulations.
In June 2014 changes to the AML/CTF Rules impacted CDD obligations for reporting entities in relation to beneficial ownership and politically exposed persons.
Estefa Milka Honores (trading as American Cash Service), whose registration was cancelled in August 2015, has been re-registered with conditions.
Western Union affiliates Weigang Li & Dongfang Tan (trading as Empire Milk Bar) & Narinder Singh (trading as Star Link Travel) were suspended on 15 December 2015.
Lodge your report via AUSTRAC Online between 4 January 2016 – 31 March 2016.