Strategic analysis briefs

AUSTRAC strategic analysis briefs provide insights for government and industry on money laundering and terrorism financing (ML/TF) risks, trends and methods.

These briefs aim to assist Australian businesses by providing information that may be helpful in identifying and mitigating the risk of their business being misused by criminals. This information can:

  • be relevant to their AML/CTF programs, policies and procedures
  • help to inform their management and mitigation of ML/TF risk
  • enhance the quality of reporting to AUSTRAC.

Bank de-risking of remittance businesses

Bank “de-risking” refers to the global trend for banks to close or restrict the accounts of customers including the accounts of remitters. These closures and restrictions occur for a range of reasons, including perceived reputational, money laundering, terrorism financing and sanctions risks associated with the sector.

 

Use of business express deposit boxes to avoid reporting requirements

The Use of business express deposit boxes to avoid reporting requirements strategic analysis brief is designed to inform reporting entities about the use of business express deposit (BED) boxes and internet banking facilities by serious organised crime groups (SOCGs) to avoid know your customer and ongoing customer due diligence requirements.

 

Politically exposed persons, corruption and foreign bribery

The Politically exposed persons, corruption and foreign bribery strategic analysis brief is designed to provide information about money laundering methods, vulnerabilities and indicators associated with politically exposed persons (PEPs) and laundering the proceeds of corruption including foreign bribery.

 

Money laundering through real estate

The Money laundering through real estate strategic analysis brief is designed to provide information about money laundering methods, vulnerabilities and indicators associated with money laundering through real estate in Australia.

Last modified: 07/02/2017 13:43