Reporting entities must appoint an AML/CTF compliance officer to make sure they comply with their AML/CTF obligations.
An employee due diligence program documents the procedures you use to screen your employees to identify and minimise ML/TF risk.
The Public Interest Disclosure Act 2013 (PID Act) promotes the integrity and accountability of the Commonwealth public sector by creating
AUSTRAC supported an investigation into a drug trafficking syndicate suspected of supplying and distributing narcotics in Australia.
Reporting entities must provide ML/TF risk awareness training to employees.
AUSTRAC intelligence helped send seven members of an international crime syndicate to prison for importing illicit drugs and laundering money.
A joint investigation into a sophisticated money laundering scheme leads to 10 arrests and the disruption of an international crime syndicate.
AUSTRAC helped authorities to investigate a tax avoidance scheme that used illegal trading known as ‘phoenixing’.
AUSTRAC helped investigate suspicious financial transactions that led to the arrest of two offenders on charges of dealing with the proceeds of crime.