Tag: AUSTRAC

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’.

Australia is moving to overhaul its anti-money laundering and counter-terrorism financing (AML/CTF) framework with a comprehensive new proposal aimed at aligning the country with global standards set by the Financial Action Task Force (FATF).

In today's digital landscape, the importance of identity verification extends beyond mere procedure; it's a critical safeguard against escalating fraud risks.

AUSTRAC, collaborating with the AFP and the Australian Border Force (ABF), has introduced a new financial crime guide.

Anti-money laundering (AML) strategies in the wealth and asset management (WAM) sector are undergoing significant transformations to combat financial crimes more effectively.