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:
AUSTRAC has released a suite of new resources to help reporting entities implement strong AML/CTF governance practices in their business.
Get ready to start working on your 2019 compliance report, which you can submit from 1 January 2020.
AUSTRAC is currently seeking feedback to help us enhance the way we communicate and provide information to our reporting entities. If you deal with AUSTRAC in your role, we want to hear from you.
Fintel Alliance, an AUSTRAC initiative, today released a report to help industry identify and report on the common indicators of illegal phoenix activity.
AUSTRAC has released proposed amendments to Chapter 11 of the AML/CTF Rules for public consultation.
AUSTRAC has developed new products for pubs and clubs, highlighting money laundering and financial crime risks faced by Electronic Gaming Machine (EGM) venues.
In the 2018-19 Budget, the Government responded to the Black Economy Taskforce's Final Report. This included the introduction of an economy-wide cash payment limit of $10,000 for payments made or accepted by businesses for goods and services.
The report on the independent review of the AUSTRAC industry contribution levy is now available.
AUSTRAC has released new case studies to make you aware of indicators of money laundering, terrorism financing and other serious financial crime.