AUSTRAC has cancelled an Enforceable Undertaking (EU) from PayPal Australia Pty Ltd (PayPal) after PayPal completed a two year remediation plan to improve its systems and controls relating to international funds transfer instructions (IFTIs).
AUSTRAC has closed Gold Corporation’s Enforceable Undertaking (EU), which was put in place after a series of AUSTRAC and third party reviews identified non-compliance with the AML/CTF Act.
In May and June, we hosted the AUSTRAC Reporting Entity Forum, a series of webinars tailored to businesses we currently regulate. These sessions focused on sharing insights from our regulatory activities.
Attendees heard directly from us on a range of topics including:
In April 2025, we released updated guidance to help you support customers who may not be able to provide standard identification documents when accessing financial services.
Customers may be unable to provide standard identification documents if they are:
We will be delivering an education campaign to help businesses offering certain designated services prepare for their anti-money laundering and counter-terrori
We are modernising the way you interact with us online by working to deliver a more streamlined, secure and user friendly online experience.
As we pass the midpoint of 2025, I’ve taken time to reflect on what we’ve accomplished together in our ongoing mission to protect the Australian community from financially enabled crime. From major reforms and regulatory transformation to intelligence-led disruption and stronger partnerships, it’s been a year of momentum and meaningful progress.
AUSTRAC has released information about our regulatory expectations and priorities for 2025–26. Our focus is on preparing current reporting entities and tranche 2 entities for the anti-money laundering and counter-terrorism financing (AML/CTF) reforms and managing significant money laundering and terrorism financing risks.
AUSTRAC is placing conditions on cryptocurrency ATM providers to help reduce their exposure to money laundering, terrorism financing and other serious financial crimes.
AUSTRAC is expanding Fintel Alliance, following significant law enforcement successes through this intelligence partnership.