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.
This week AUSTRAC and the Australia Federal Police co-hosted the 22nd Annual Asia Pacific Group on Money Laundering (APG) in Canberra. Delegates spent the week discussing ways to bolster regional efforts to combat money laundering (ML) and terrorism financing (TF).
AUSTRAC has launched a campaign targeting illegal money transfer dealers.
AUSTRAC has issued a $252,000 infringement notice to Compass Global Holdings Pty Ltd (Compass) for failing to report international funds
AUSTRAC has developed products for pubs and clubs, highlighting money laundering and financial crime risks faced by Electronic Gaming Machine (EGM) venues.
AUSTRAC has ordered the appointment of an external auditor to examine ongoing concerns in regard to PayPal Australia’s compliance with th
AUSTRAC often consults with industry groups and other interested people so that we hear their opinions about topics including:
In late August, AUSTRAC launched a community-based campaign targeted at unregistered money transfer dealers, also known as unregistered remittance dealers.
AUSTRAC has released proposed amendments to Chapter 11 of the AML/CTF Rules for public consultation.
Find information related to agent banking arrangements, details related to the correlation between the designated service provider and the agent bank, reporting obligations in relation to Threshold transaction report (TTR) and what are AUSTRAC's expectations from the account provider.