AUSTRAC sparked a criminal investigation into unregistered remitters that led to money laundering convictions and the forfeiture of millions.
RegTechs play an important role in helping reporting entities meet their AML/CTF obligations.
AUSTRAC can require a reporting entity to appoint an external auditor. An external auditor is authorised by AUSTRAC for the specific audit.
The Freedom of Information Act 1982 gives everyone the right to access AUSTRAC documents if they are not exempt from public release under the Act.
A 63-year-old Sydney man accused of travelling to the Philippines to sexually abuse children is expected to face court today charged with possessing child abuse material and ‘child sex tourism’ offences.
The Australian Government has seen a disturbing trend in violence used against children.
The Home Affairs Portfolio is leading the Government’s efforts in countering child sexual exploitation and abuse in the physical and online world.