The Financial Action Task Force (FATF), the global group that sets international anti-money laundering and counter-terrorism financing (AML/CTF) standards, has published two recent updates relating to international ML/TF risk.
The reports provide an update on jurisdictions which may pose a risk to the international financial system:
Listen to a recent episode of the AFP’s Crime Interrupted podcast about Operation Birks (episode 5, season 2), featuring Natasha from the AUSTRAC-led Fintel Alliance.
In early 2023, law enforcement agencies reported that virtual kidnapping scams were increasingly impacting Chinese speaking university students across Australia.
Virtual kidnappings are a form of technology-enabled scam that involves scammers:
AUSTRAC has established an operational response to the unfolding Israel/Gaza conflict. Known as Operation SALEM, it covers a range of AUSTRAC capabilities and activities including:
On 27 June, we launched our enhanced website which features a modern look-and-feel and an improved structure so you can easily find the resources you need.
NAPCAN’s annual National Child Protection Week ran from 3 to 9 September 2023 and aimed to address the significant harms being experienced by children in Australia.
Data breaches are becoming more common. Where they involve personal information, data breaches increase the risk of identity crime, fraud and cyber-enabled crime.
We have released guidance to help you:
Staying across our latest guidance updates has never been easier. The new Latest guidance updates page is a ‘one-stop shop’ to view all guidance recently released and updated by AUSTRAC.
Event date: 1 November 2023
Location: The Sydney StartupHub, Level 1, 11 York Street, Sydney, NSW 2000
Focus area: Transaction monitoring programs and quality reporting
Cost: Free
Under the National Consumer Protection Framework for Online Wagering, Australian Governments have agreed to implement customer pre-verification for online gambling accounts.
To implement this measure, the AML/CTF Rules have been amended to strengthen the applicable customer identification procedures (ACIP) that apply to online gambling service providers.