At AUSTRAC, security is paramount. The recent online security survey provided a wealth of insights into industry expectations and commitment to robust cyber security measures. These insights will shape development and implementation of upcoming security upgrades.
As part of the AML/CTF reforms, a program of forums have been held with industry associations.
AUSTRAC commenced civil penalty proceedings in the Federal Court against Entain Group Pty Ltd (Entain), which operates online betting sites including Ladbrokes, Neds and other online betting brands. The proceedings allege serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
Businesses and individuals bound by the tipping off offence must now consider whether a disclosure could be expected to prejudice an investigation, under changes to the AML/CTF laws that came into force today.
We’re working hard to ensure cryptocurrency ATMs aren’t being used for money laundering, terrorism financing and other serious crimes.
He thought he was helping a girlfriend. Instead, he was being used by criminals to convert dirty money to cryptocurrency.
Guidance for bullion dealers listing their designated services and exemptions for initial CDD.
The government is now operating in accordance with the caretaker conventions, pending the outcome of the 2025 federal election.
AUSTRAC is encouraging inactive digital currency exchange (DCE) businesses to voluntarily withdraw their registrations or risk having it
The Freedom of Information Act requires us to publish all documents released in response to FOI requests, as well as routinely requested information.