AUSTRAC has today launched its money laundering and terrorism financing (ML/TF) risk assessment of the junket tour operations (JTOs) sector.
AUSTRAC assesses that the JTO sector faces multiple criminal threats and the overall ML/TF risk is high.
This is a joint media release with the National Disability Insurance Agency
The Serious Financial Crime Taskforce (SFCT) is an Australian Taxation Office (ATO) led multi-agency taskforce established in 2015. It brings together the knowledge, resources and experience of law enforcement and regulatory agencies to identify, prioritise and treat the threats posed by serious financial crime.
Supporting businesses with guidance and education resources is a key priority for AUSTRAC. We’re developing new guidance and reviewing our existing guidance to ensure it is up to date and useful for your business.
Your business plays a crucial role in identifying and reporting financial crime to protect Australia’s financial system and community from money laundering and other serious crimes.
To help you understand, detect and report financial crime, we recently launched a new type of guide called financial crime guides.
Each year, most businesses that are regulated by AUSTRAC must complete an annual compliance report telling us about your compliance for the previous calendar year.
In 2019-20 AUSTRAC’s Fintel Alliance celebrated some major operational results, which you can read about in the Fintel Alliance Performance Report 2019-20.
On 6 October 2020, the Australian Government handed down the 2020-21 Federal Budget, which included a $104 million funding boost and an additional 67 new staff.
This increased funding means we will be able to:
Released today, the Fintel Alliance Performance Report 2019-20 outlines the impact the Fintel Alliance is having on protecting the Australian financial system and community from serious and organised crime.
This is a joint media release between NSW Police Force and AUSTRAC
Two men have been charged as part of ongoing investigations into an international money-laundering operation.