Fintel Alliance and AUSTRAC subject matter experts completed three intensive ‘days of action’ focused on identifying individuals suspected of purchasing explicit material.
AUSTRAC has ordered the appointment of an external auditor to assess whether payment platform, Airwallex Designated Business Group (Airwallex DBG), is meeting its anti-money laundering and counter-terrorism financing (AML/CTF) obligations, following concerns about potential non-compliance.
Obligations for businesses currently regulated under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) change on 31 March 2026. This update sets out our expectations for current regulated businesses in progressing towards implementing these changes and meeting their obligations.
APRA and AUSTRAC have both announced actions to address weaknesses in Bendigo and Adelaide Bank’s (Bendigo Bank) money laundering risk management, non‑financial risk management practices and risk culture.
AUSTRAC has refused to renew the registration of Yellow Sands Trading Pty Ltd, an independent remitter trading as Raiyyan Exchange.
Raiyyan Exchange is no longer permitted to provide money transfer services in Australia.
Thank you to the more than 1,300 businesses including current reporting and tranche 2 entities that took part in our recent research — the largest study we’ve conducted to date.
“Your time, honesty and insights are invaluable in helping us shape the way forward,” said CEO Brendan Thomas.
This year, collaboration has been at the heart of our digital transformation. Your feedback during co-design sessions confirmed what matters most: clarity, collaboration and digital services that keep pace with change. These insights have shaped the system improvements we’ve made, ensuring our solutions work for you.
Financial crime doesn’t stop at our border and nor does our role.
We continue to build international partnerships and strengthen the financial systems of Australia’s Pacific neighbours.
An insider threat refers to more than cybersecurity. It’s when your employee, contractor or board member uses their access to workplace systems, people and information for illegal activities. Insider threats can be malicious, compromised or negligent, but the consequences can be dire, including fraud, theft, espionage or money laundering.
The Australian Border Force (ABF) and Australian Federal Police (AFP), with intelligence generation from the Fintel Alliance’s Collaborative Analytics Hub, successfully foiled a sophisticated criminal operation.