AUSTRAC’s financial intelligence was the catalyst for a criminal investigation into a married couple’s unexplained wealth.
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.
AML/CTF advisers must offer tailored services to help businesses meet their compliance obligations.
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.
The Australian Commission for Law Enforcement Integrity (ACLEI) and AUSTRAC partnered on a self-assessment of our integrity maturity.
AUSTRAC’s analysis of information from businesses helped disrupt a global drug importation and money laundering syndicate.
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.