AUSTRAC advises reporting entities to report any suspicious transactions they identify as part of the "important role" they play in stopping financial crime.
November 3, 2023The guidance provides money laundering indicators based on analysis of approximately 200 STRs related to illegal wildlife trade between 2011 and 2022.
February 1, 2023Top official Brad Brown discusses AUSTRAC’s ongoing work to upgrade its reporting system and further advance Australia’s AML/CTF system.
January 9, 2023AUSTRAC CEO Nicole Rose says the gambling sector must invest in robust compliance and AML programmes.
June 23, 2022Nathan Newman says regulated entities are uplifting their AML capabilities but could do more to apply appropriate assurance to their upgrades.
February 11, 2022New financial crime guide provides practical advice to enable banks, businesses, and other FIs to identify and report potential cases of forced sexual servitude.
February 7, 2022The financial crime guide helps financial firms identify the misuse of emergency and disaster payments administered through Services Australia.
December 13, 2021Payment text fields in financial transactions are increasingly being used as a method of criminal communication or abuse, AUSTRAC says.
November 22, 2021The guidance offers indicators to help financial services firms identify and report suspicious transactions related to cuckoo smurfing.
June 7, 2021ANZ’s link analysis capability allowed the rapid interrogation of combined banking datasets, which led to the arrests of five individuals involved in an international cuckoo smurfing syndicate.
March 17, 2021