This report identifies and explains the key indicators of illegal phoenix activity in the labour hire and payroll industry.
This report has been developed to assist financial service providers and law enforcement agencies to detect suspect transactions by providing updated financial and environmental indicators to more effectively combat child sexual exploitation.
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.
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.