You must submit an SMR when you start providing designated services, or when you are asked about providing designated services as part of your normal business activities.
You must make sure your transaction monitoring systems alert you to unusual, large or complex transactions or patterns of transactions.
In November, AUSTRAC is hosting a forum in Melbourne and Sydney exclusively for AML/CTF advisers. This forum is a valuable resource for advisers of all experience levels.
Reforms have been made to strengthen Australia’s anti-money laundering and counter-terrorism financing laws.
A referral from AUSTRAC helped an investigation targeting registered sex offenders travelling offshore to commit offences against children.
AML/CTF programs must document processes to identify and verify customers, and document when and how this is done.
We have created suspicious activity indicators to help you identify potential money laundering, terrorism financing and other serious cri
AUSTRAC has ordered the appointment of an external auditor to Western Union Financial Services Australia (Western Union) after raising co
The fourth Counter-Terrorism Financing (CTF) Summit will be held in Bangkok Thailand and will bring together over 350 global leaders and specialists in financial intelligence together with senior representatives from regulatory, law enforcement, national security and policy agencies, industry participants and academics.
In certain circumstances you can rely on customer identification procedures undertaken by reliable third parties: other reporti