AUSTRAC has extended the Rule for streamlined customer verification under the COVID-19 early release of superannuation initiative until 31 December 2020.
This extension supports the Government’s decision to allow the COVID-19 early release of superannuation initiative to continue until 31 December 2020.
Egmont Group of Financial Intelligence Units has released a new report, Combatting child sexual abuse and exploitation through financial intelligence.
The report’s findings are the result of a collaboration led by AUSTRAC, the United Kingdom Financial Intelligence Unit (UKFIU) and the Philippines’ Anti-Money Laundering Council (AMLC). The report examines the role of financial intelligence in global efforts to fight online streaming of child sexual abuse and exploitation (CSAE).
To help you identify, mitigate and manage risks to your business, AUSTRAC has released the next suite of resources in the Insights series.
As a result of the COVID-19 pandemic, the restrictions on the movement of people and goods is changing the demand for products and services across sectors. AUSTRAC and our law enforcement and national intelligence partners are monitoring and preparing for a shift in the risks that criminals may pose to the financial system and the community.
The COVID-19 global pandemic is impacting all Australians and Australian businesses. AUSTRAC acknowledges that this is an unprecedented time for the superannuation sector.
In December, we wrapped up our community campaign targeting illegal money transfer dealers, or unregistered remittance dealers. The campaign ran from August to November and focused on raising public awareness and educating communities about the risks they pose.
Unregistered money transfer dealers represent a real threat to Australian communities as they are at high risk of being targeted by criminals to launder money to fund their activities. They also negatively impact the reputation of registered money transfer providers who are trying to do the right thing.
If you or your customers are in a bushfire affected part of Australia, here’s what you need to know.
Reporting to AUSTRAC each year on how your business has met its AML/CTF compliance obligations is a requirement under the AML/CTF Act.
You must submit your report by 31 March. Here’s how to get started on your report today.
The Financial Action Task Force (FATF), the global standard-setting body for anti-money laundering and combating the counter terrorism-financing (AML/CTF), has recently published two updates on international AML/CTF compliance.
The reports provide an update on jurisdictions which may pose a risk to the international financial system:
