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.
Bullion dealers are businesses that buy or sell bullion and may include precious metal traders, refiners, jewellers, coin dealers and paw
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