AUSTRAC and the Victorian Gambling and Casino Control Commission (VGCCC) have strengthened their cooperation in the fight against serious financial crime through the signing of an updated Memorandum of Understanding (MOU).
AUSTRAC has released two new financial crime guides to help businesses stop ransomware attack payments and the criminal abuse of digital currencies.
In 2022, we will continue building a new modern, secure and intuitive AUSTRAC Online that will enable you to easily comply, report and interact with AUSTRAC.
Intelligence provided by AUSTRAC has assisted the Australian Federal Police-led Criminal Assets Confiscation Taskforce (CACT) secure the forfeiture of over $2,745,000 in illicit cash and three luxury cars after three separate investigations in Western Australia (WA).
You are the first line of defence in combating and disrupting money laundering, terrorism financing (ML/TF) and other serious crime.
AUSTRAC is working with pubs and clubs that operate electronic gaming machines (EGMs) to assist them to mitigate and manage their money laundering and terrorising financing (ML/TF) risks.
With COVID-19 restrictions easing, borders re-opening, and customer numbers gradually increasing, serious and organised criminals are targeting pubs and clubs.
A new financial crime guide is now available to help you detect and stop suspicious activity related to forced sexual servitude. This form of slavery represents around 30% of slavery cases in Australia.
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 is working with international partners, as well as Australia’s financial industry and partner agencies across government in a coordinated effort to track the movement of funds around the world and to identify opportunities to jointly target individuals and entities subject to sanctions.
AUSTRAC will today commence civil penalty proceedings in the Federal Court against Crown Melbourne and Crown Perth for alleged serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.