AUSTRAC has refused to renew the registration of Yellow Sands Trading Pty Ltd, an independent remitter trading as Raiyyan Exchange.
AUSTRAC has issued Revolut Payments Australia Pty Ltd (Revolut) with an infringement notice totalling $187,800 after the company notified
AUSTRAC is encouraging inactive remittance businesses to voluntarily withdraw their registrations or risk cancellation.
Learn about the obligations of the governing body. Read examples of when a governing body is appropriately overseeing anti-money laundering and counter-terrorism financing (AML/CTF) compliance and taking reasonable steps to ensure compliance.
You must appoint a senior manager, or multiple senior managers, to make key AML/CTF decisions. This includes approving AML/CTF programs, updates to these programs and certain business relationships.
As a sole trader or micro business, you’re responsible for performing a range of governance roles. In many cases, you’ll have just one person fulfil all the governance roles required under the AML/CTF regime.
Establishing a strong anti-money laundering and counter-terrorism financing (AML/CTF) culture is important to your business.
APRA and AUSTRAC have both announced actions to address weaknesses in Bendigo and Adelaide Bank’s (Bendigo Bank) money laundering risk ma
A new guidance resource to assist reporting entities in submitting more effective SMRs
Fintel Alliance is a world-first private-public partnership launched by AUSTRAC to combat money laundering and terrorism financing.