AUSTRAC has ordered the appointment of an external auditor to three entities within the Bell Financial Group, including Bell Potter Securities Limited, Bell Potter Capital Limited and Third Party Platform Pty Ltd.
A new financial crime guide from AUSTRAC will help businesses identify and report suspicious activity related to forced sexual servitude. Forced sexual servitude is a form of slavery and represents around 30% of slavery cases in Australia.
Dr John Moss, Deputy CEO Intelligence, has been awarded the Australian Intelligence Medal for his significant contribution and leadership in the Australian Intelligence Community.
You can submit your 2021 compliance report from 1 January to 31 March 2022.
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.
In the last issue of InBrief, we explained how the Regulatory Operations and Intelligence Partnerships branches at AUSTRAC work together to protect Australians and our financial system from serious and organised crime.
If you have recently enrolled with AUSTRAC, you might be looking for help to understand your AML/CTF compliance obligations.
Earlier this year, AUSTRAC launched monthly induction workshops to introduce new reporting entities to AML/CTF compliance.
About the induction program
If you’re new to AUSTRAC, you can join us for three workshops, including:
We continue to work on transforming your AUSTRAC Online experience through the System Transformation Program. This includes engaging with you to develop a modern system that meets your needs.
We are seeking your feedback to the proposed updates on guidance on reporting threshold transaction reports (TTR) by 22 December 2021.
The Egmont Group, made up of 167 financial intelligence units (FIUs) worldwide, regularly publishes resources to help improve anti-money laundering and counter-terrorism financing (AML/CTF) systems and processes to better detect and report financial crime.
The 2021 compliance reporting period is fast approaching.
Your business is at the frontline of Australia’s anti-money laundering and counter-terrorism financing efforts. Each year, most regulated businesses are required to lodge an annual compliance report to AUSTRAC.