Public consultation on the second exposure draft of the Anti-Money Laundering and Counter-Terrorism Financing Rules (AML/CTF Rules) closed on Friday 27 June.
Thank you to everyone who submitted a response to the consultation. We are reviewing your submissions and will make necessary adjustments to the Rules.
AUSTRAC has released its regulatory priorities for this financial year, outlining new plans to reduce the harms from money laundering, terrorism financing and other serious crime.
The Minister for Home Affairs Tony Burke, last week visited AUSTRAC’s Sydney office to hear firsthand how the agency is gaining new ground in the fight against financial crime.
AUSTRAC’s Cryptocurrency Taskforce spoke about their findings from phase one which included getting a more in depth understanding of the risks in the sector and who is using crypto ATMs.
The reforms to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) will commence on:
AUSTRAC has ordered the appointment of an external auditor to Western Union Financial Services Australia (Western Union) after raising concerns about the money remitter’s compliance with the AML/CTF Act.
A nationwide law enforcement operation has led to the identification of 90 scam victims, money mules, and suspected offenders who topped the list of crypto ATM users.
In May 2025, AUSTRAC accepted material deviations to the Bank of Queensland Limited’s (BOQ) remedial action plan to support BOQ’s commitment to meet their AML/CTF obligations under the existing and new AML/CTF Act and Rules.
The Financial Action Task Force (FATF), the global group that sets international anti-money laundering, counter-terrorism financing and counter-proliferation financing (AML/CTF/CPF) standards, has published two recent updates relating to international money laundering, terrorism financing and proliferation financing (ML/TF/PF) risk.
I've come to the role of AUSTRAC CEO at a momentous time for AML/CTF regulation. We’re about to embark on the most ambitious overhaul of Australia’s anti-money laundering laws in a generation.
Today, I want to talk about the future of Australia’s Anti-Money Laundering and Counter-Terrorism Financing regime - reforms that go beyond meeting international standards and that focus us on a regime dedicated to reducing financial crime.