This is a summary of the changes included in the new laws to reform Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act
We have created suspicious activity indicators to help you identify potential money laundering, terrorism financing and other serious cri
A new financial crime guide released by AUSTRAC today will help financial service providers identify and report suspicious transactions i
An AML/CTF program must include KYC procedures to collect and verify a customer’s identity.
Thank you to FINSIA for the invitation to be here today.
Your AML/CTF program must document the enhanced customer due diligence program that you will apply when the money laundering/terrorism financing risk is high.
AUSTRAC has ordered the appointment of an external auditor to Afterpay Pty Ltd (Afterpay) to examine its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act).
AUSTRAC is seeking submissions on draft updated guidance on alternative identification processes reporting entities can use to assist customers who may have difficulty providing standard identification.
The guidance provides information about using a flexible, risk-based approach to customer identification to ensure that those with diverse backgrounds or facing challenging circumstances can access the financial services that they need, resulting in better financial inclusion.
As part of National Missing Persons Week 2017, AUSTRAC with its Fintel Alliance industry partners, will support police investigations of financial crime that may impact missing persons.
We have created suspicious activity indicators to help you identify potential money laundering, terrorism financing and other serious cri