AUSTRAC says PayPal has cooperated with an enforcement investigation that commenced in December 2020, related to IFTI reporting.
March 17, 2023The guidance will help FIs develop alternative customer identification and verification procedures to help customers that are unable to meet standard ID requirements.
December 9, 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, 2022Sportsbet and Bet365 are among the largest corporate bookmakers in Australia. AUSTRAC chief Nicole Rose said the whole industry is on notice.
November 4, 2022AUSTRAC CEO Nicole Rose says the gambling sector must invest in robust compliance and AML programmes.
June 23, 2022NAB's action plan has to be completed by 31 Dec 2024, and a final report issued by Mar 2025. An independent auditor will have to report progress to AUSTRAC annually.
May 4, 2022The Victorian Gambling and Casino Control Commission will be provided designated access to AUSTRAC’s financial intelligence database.
April 28, 2022Crown Melbourne and Crown Perth failed to assess ML/TF risk, carry out appropriate due diligence on customers, and establish a transaction monitoring programme.
March 1, 2022An external auditor has to be appointed to examine AML compliance at three entities within the Bell Financial Group.
February 17, 2022