It will be alleged the syndicate has claimed more than $10 million since 2017 in NDIS funding. The value of the fraudulent claims are alleged to be in the millions. Investigations continue into the scale and total value involved.
Download the new suite of resources on how you can submit more effective suspicious matter reports to AUSTRAC.
An important checklist to ensure that you have incorporated the key elements and details needed for effective SMR reporting.
Two more Australians have been arrested and charged in connection to a major joint international MDMA drug investigation originating in the Netherlands in 2019.
AUSTRAC has issued a remedial direction to Australian Military Bank Ltd (AMB) requiring the mutual bank to review and uplift its compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. The action follows ongoing regulatory engagement with AMB which identified concerns related to the effectiveness of AMB’s AML/CTF systems and controls.
AUSTRAC’s financial intelligence and information supports our domestic and international partners in their law enforcement and security work.
Organised criminals use ‘cuckoo smurfing’ as a method of laundering money to disguise and integrate their funds across borders to profit
AUSTRAC has released a new financial crime guide to warn businesses and their customers about the dangers of a money laundering method kn
A new systems transformation program to transform the way you interact and report to AUSTRAC.
From 17 June 2021, reforms to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) came into effect that