AUSTRAC has introduced a new AML/CTF Rule that will help to streamline the customer verification process for superannuation funds to make payments to their members made under the COVID-19 early release of superannuation initiative.
This guide clarifies how to treat a strata corporation (also known as body corporate or owners corporation) for the purpose of customer and beneficial ownership identification. It also provides the relevant provisions of the Rules to refer to if beneficial owners cannot be determined using the standard criteria.
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.
Find information related to agent banking arrangements, details related to the correlation between the designated service provider and the agent bank, reporting obligations in relation to Threshold transaction report (TTR) and what are AUSTRAC's expectations from the account provider.
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.