The AUSTRAC Insights: Governance series provides reporting entities with key learnings from our regulatory activities that will help strengthen leadership and oversight of the AML/CTF compliance and risk management process.
With information specific to mutual banks, this report outlines the sector’s exposure to financial crime and includes pathways to strengthen risk mitigation.
What is an agent banking arrangement?
An agent banking arrangement consists of:
- an account provider offering deposit accounts to customers
- an agent bank accepting deposits, including cash deposits, on behalf of the account provider, but not maintaining the customers’ accounts.
Who is providing a designated service under these arrangements?
The account provider is providing the designated service by allowing a transaction to be conducted on the customer’s account.
Typologies show the various methods criminals use to conceal, launder or move illicit funds.
- Typologies and case studies report 2014 (PDF, 1.8MB)
Typologies show the various methods criminals use to conceal, launder or move illicit funds.
Typologies show the various methods criminals use to conceal, launder or move illicit funds.
Typologies show the various methods criminals use to conceal, launder or move illicit funds.
AUSTRAC's 2012 typologies report is the sixth in an annual series of reports produced by the agency.
The 2012 report includes 21 real-life case studies illustrating how legitimate services offered by Australian businesses have been exploited for criminal purposes. By highlighting these past examples of criminal activity, the report educates Australian businesses about their money laundering and terrorism financing risks and helps them recognise and mitigate these risks.
The AUSTRAC typologies and case studies report 2009 is the third in a series of reports AUSTRAC has produced to assist industry to fulfil its anti-money laundering and counter-terrorism financing obligations.
The 42 case studies within this report illustrate how legitimate businesses and financial channels have been misused for money laundering and other crimes such as drug importation and trafficking, tax evasion and credit card fraud. The report also highlights many 'red flag' indicators - examples of suspicious customer behaviour that may suggest illicit activities.
Typologies show the various methods criminals use to conceal, launder or move illicit funds.
- Typologies and case studies report 2007 (PDF, 1.2MB)