Learn about our Fintel Alliance’s fast and efficient approach to studying huge amounts of banking data to identify financial crime.
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.
From 31 March 2025, it will be a criminal offence to disclose certain types of information to another person, where it would or could rea
Fintel Alliance is a world-first private-public partnership launched by AUSTRAC to combat money laundering and terrorism financing.
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.
Reporting entities must submit a compliance report to AUSTRAC detailing how they have met their AML/CTF obligations for the reporting period.