AUSTRAC and United Arab Emirates Financial Intelligence Unit sign financial intelligence MOU
AUSTRAC and the Financial Intelligence Unit of the United Arab Emirates (UAE-FIU) last week signed a Memorandum of Understanding (MOU) for the…
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Westpac ordered to pay $1.3 billion penalty
The Federal Court of Australia has today ordered Westpac to pay a $1.3 billion penalty for its breaches of the Anti-Money Laundering and Counter-…
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AUSTRAC Annual Report 2019-20
The AUSTRAC annual report 2019-20 highlights our achievements over a challenging year. This includes our agility in responding to the…
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AUSTRAC finalises external audit of Afterpay
AUSTRAC has decided not to undertake further regulatory action after considering the findings and recommendations identified in the Afterpay's…
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New financial crime guide to combat Australian wildlife trafficking
A new financial crime guide released today will help businesses to combat Australia’s illegal wildlife trafficking trade by identifying, targeting…
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AUSTRAC CEO's statement on Westpac settlement
As announced by the Attorney-General and Minister Dutton, I am pleased to confirm that AUSTRAC and Westpac have reached an agreement in which Westpac…
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AUSTRAC and Westpac agree to proposed $1.3bn penalty
Westpac and AUSTRAC have today agreed to a 1.3 billion dollar proposed penalty over Westpac’s breaches of the Anti-Money Laundering and Counter-…
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Rule extended to support COVID-19 early release of superannuation initiative
AUSTRAC has extended the Rule for streamlined customer verification under the COVID-19 early release of superannuation initiative until 31 December…
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AUSTRAC issues infringement notice to State Street over international funds transfer reporting breaches
AUSTRAC has issued an infringement notice to State Street Bank and Trust Company (State Street) for over $1.24 million for failing to report…
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