A consultation on retail trading will begin sometime in Q1. The SFC plans to start accepting applications for VASP licences in mid 2024.
January 12, 2023LegCo member Wu Jiezhuang says using the CBDC as a government-backed stablecoin will help address virtual asset risks and enhance trust in Web3.
January 12, 2023Top official Brad Brown discusses AUSTRAC’s ongoing work to upgrade its reporting system and further advance Australia’s AML/CTF system.
January 9, 2023New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
December 8, 2022The proceedings against SkyCity are the third AUSTRAC has brought against casino operators, after similar cases were launched against Star and Crown casino entities.
December 8, 2022FIs should consider a remitter's, DCE's or fintech's registration with AUSTRAC as a mitigating factor when assessing its ML/TF risks.
December 6, 2022Star Sydney and Star Queensland breached one section of the law 1,189 and 325 times, respectively. Both are accused of "an innumerable number" of other breaches.
December 1, 2022Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.
November 25, 2022The first guidance document covers enhanced customer due diligence procedures. The second covers the measures for screening employees and training them on ML/TF risks.
November 4, 2022Sportsbet and Bet365 are among the largest corporate bookmakers in Australia. AUSTRAC chief Nicole Rose said the whole industry is on notice.
November 4, 2022