The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.
May 17, 2022Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new 'beneficial ownership list system' has been established.
April 18, 2022Reporting entities are "uniquely positioned" to detect TNOC activity through the implementation of preventive measures and reporting to the FIU.
March 17, 2022Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.
December 2, 2021Chief executive Ross McEwan outlined NAB's work to update KYC information for all its customers as part of efforts to meet its AML obligations.
September 14, 2021The big four represent the highest risk due to the scale of retail products and services they offer, particularly those that facilitate cash transactions and rapid funds transfers.
September 8, 2021The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.
August 31, 2021The goal is to push criminals to the margins and into the hands of non-compliant operators, where law enforcement can be deployed more effectively.
August 3, 2021The FSA's Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
July 23, 2021AUSTRAC has launched enforcement investigations into Crown Perth, The Star Sydney and SkyCity Adeliade over their dealings with high-risk customers and PEPs.
June 8, 2021