An assessment of the money laundering and terrorism financing risks associated with stored value cards.
Risk assessments examine current money laundering and terrorism financing threats and vulnerabilities in specific parts of Australia’s financial sector.
They are a resource for reporting entities to use to refine internal controls and to meet your reporting obligations, particularly in relation to suspicious matter reporting.
Risk assessments bring together insights from industry with intelligence from AUSTRAC and our partner agencies to provide a comprehensive assessment of ML/TF risks relevant to a specific sector or product.