You must undertake a due diligence assessment prior to entering into a correspondent banking relationship and conduct ongoing due diligen
An assessment of the money laundering and terrorism financing (ML/TF) risks associated with the non-bank lending and financing sector to
A money laundering and terrorism financing (ML/TF) risk assessment, released today, shows a medium level of ML/TF risk to Australia’s non-bank lending and financing sector.
Report on the statutory review of Australia’s AML/CTF regime.
The Fintel Alliance, an AUSTRAC initiative, recently supported law enforcement in tracking down and arresting a criminal syndicate that p
The report on the independent review of the AUSTRAC industry contribution levy is now available.
In the 2018-19 Budget, the Government responded to the Black Economy Taskforce's Final Report. This included the introduction of an economy-wide cash payment limit of $10,000 for payments made or accepted by businesses for goods and services.