Effective risk assessment and management processes are critical to protecting businesses from criminal exploitation.
To help you identify, mitigate and manage risks to your business, AUSTRAC has released the next suite of resources in the Insights series. The resources include a guidance document ‘Assessing ML/TF risk’, a video animation, and updated web content.
This month, AUSTRAC launched the 2020 Analyst Exchange Program (AEP) with our Indonesian partner, the Financial Transaction Reports and Analysis Centre (PPATK). Now in its 8th year, the program is being delivered remotely for the first time due to COVID-19 and runs until June.
Today, AUSTRAC announced a change to the AML/CTF customer ID and verification Rule to help people experiencing family and domestic violence. Under the rule, if a customer cannot produce their driver’s license or birth certificate, or show a different address, banks and other regulated businesses can use alternative ways to verify their customer’s identity.
As a result of the COVID-19 pandemic, the restrictions on the movement of people and goods is changing the demand for products and services across sectors. AUSTRAC and our law enforcement and national intelligence partners are monitoring and preparing for a shift in the risks that criminals may pose to the financial system and the community.
The COVID-19 global pandemic is impacting all Australians and Australian businesses. AUSTRAC acknowledges that this is an unprecedented time for the superannuation sector.
We understand the importance of supporting your business and your customers during this time, while ensuring that we continue to fight financial crime.
On 23 September 2019, AUSTRAC ordered the appointment of an external auditor to examine ongoing concerns regarding PayPal Australia’s compliance with the Anti-Money
This is a joint media release between AUSTRAC, the Department of Home Affairs, the Australian Criminal Intelligence Commission and the Australian Federal Police.
The Australian Government has seen a disturbing trend in violence used against children.
This is a joint media release between AUSTRAC and the Australian Federal Police.
A 63-year-old Sydney man accused of travelling to the Philippines to sexually abuse children is expected to face court today (Wednesday, 29 January 2020) charged with possessing child abuse material and ‘child sex tourism’ offences.
In December, we wrapped up our community campaign targeting illegal money transfer dealers, or unregistered remittance dealers. The campaign ran from August to November and focused on raising public awareness and educating communities about the risks they pose.