Tag: AUSTRAC

Australia’s financial crime framework is entering a period of profound change, with AML and counter-terrorism financing reforms set to reshape how institutions manage risk....

Speed is becoming the defining factor in KYC and AML as firms move into 2026. Customer risk now evolves far more quickly than traditional...

Australia’s anti-money laundering (AML) and counter-terrorism financing (CTF) framework is on the brink of its most significant overhaul in decades, as the AUSTRAC Tranche...

Suspicious Matter Reporting (SMR) has become a central component of global efforts to combat money laundering and terrorist financing. As criminals continue to exploit...

Australia is preparing for one of its most significant updates to anti-money laundering and counter-terrorism financing (AML/CTF) regulation. Known as Tranche 2, the reforms...

Financial crime regulation is undergoing rapid transformation across Southeast Asia and Australia, with authorities moving to tighten frameworks and provide clearer enforcement guidance. The changes...

Australia’s financial crime regulator AUSTRAC has directed the local unit of Binance to appoint an external auditor following concerns over the company’s anti-money laundering...

Australia is pressing ahead with a significant overhaul of its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime, with AUSTRAC releasing the Second Exposure Draft Rules (ED2) under the Amended AML/CTF Act 2024. This latest draft builds on last year’s proposals, offering further clarity and operational guidance aimed at modernising compliance obligations.

Australia’s overhaul of its anti-money laundering (AML) regime is set to intensify, with the passage of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment...

In 2024, Nasdaq reported that more than $3.1tn in illicit funds circulated through the global financial system, with much of it hidden using so-called ‘money mules’.