AUSTRAC orders audit of PayPal Australia’s compliance with financial crime laws
AUSTRAC has ordered the appointment of an external auditor to examine ongoing concerns in regard to PayPal Australia’s compliance with the Anti-Money…
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Money laundering risks - Pubs and clubs staff resources now available
AUSTRAC has developed products for pubs and clubs, highlighting money laundering and financial crime risks faced by Electronic Gaming Machine (EGM)…
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AUSTRAC issues $252,000 infringement notice to Compass Global Holdings Pty Ltd
AUSTRAC has issued a $252,000 infringement notice to Compass Global Holdings Pty Ltd (Compass) for failing to report international funds transfers…
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AUSTRAC launches campaign against illegal money transfer dealers
AUSTRAC has launched a campaign targeting illegal money transfer dealers. Money transfer dealers that have not registered with AUSTRAC and are…
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Australia hosts the Asia Pacific Group on Money Laundering
This week AUSTRAC and the Australia Federal Police co-hosted the 22nd Annual Asia Pacific Group on Money Laundering (APG) in Canberra. Delegates…
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The Treasury’s consultation on the introduction of a cash payment limit
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…
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Review of the AUSTRAC industry contribution levy arrangements
The report on the independent review of the AUSTRAC industry contribution levy is now available.
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The Fintel Alliance protects the most vulnerable from criminals
The Fintel Alliance, an AUSTRAC initiative, recently supported law enforcement in tracking down and arresting a criminal syndicate that preys on…
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Scammer demands tax payment to release funds to bank account
AUSTRAC is warning the community to be alert to scammers demanding a ‘tax payment’ before funds can be released to their bank account. The scam…
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