In 2022, AUSTRAC embarked on a nationwide education campaign to help pubs and clubs that operate electronic gaming machines (EGMs) understand their anti-money laundering and counter-terrorism financing (AML/CTF) obligations, protect their business and keep the community safe.
Find answers to questions asked at the REST program industry update webinar held on Wednesday 7 December 2022.
AUSTRAC has accepted an Enforceable Undertaking (EU) from PayPal Australia Pty Ltd (PayPal) to ensure its compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. The EU comes after AUSTRAC identified concerns with PayPal’s systems, controls and governance in relation to its international funds transfer instructions (IFTI) reporting.
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:
AUSTRAC has accepted an Enforceable Undertaking (EU) from Cash Converters to uplift its compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
AUSTRAC has deepened ties with the United Kingdom (UK) this week, signing Memoranda of Understanding on back to back days with two British regulators, in a clear signal of Australia’s ongoing commitment to fight money laundering, terrorism financing and other serious crime.
AUSTRAC Online (AO) will be unavailable from 5pm AEDT Friday 24 February until 11:30pm Sunday 26 February 2023 due to important system maintenance.
During this time you will not be able to:
You can submit your 2022 compliance report from 1 January to 31 March 2023.
The report covers important areas of anti-money laundering and counter-terrorism financing (AML/CTF) and helps us to understand how you have been complying with your obligations over the year, and where you may need additional support or guidance.