In May 2025, AUSTRAC accepted material deviations to the Bank of Queensland Limited’s (BOQ) remedial action plan to support BOQ’s commitment to meet their AML/CTF obligations under the existing and new AML/CTF Act and Rules.

AUSTRAC acknowledges BOQ’s cooperation and transparency to ensure improvements to its AML/CTF systems and controls are effective and undertaken within the agreed timeframes.

AUSTRAC continues to engage with the Australian Prudential Regulatory Authority to maintain visibility across the two regulators to continue its whole of government efforts to maintain the integrity of the Australian financial systems.