The Fed Board considers that Custodia's business model and proposed focus on crypto-assets presented "significant safety and soundness risks".
January 31, 2023Banks and NBFIs will have to notify the BSP within 24 hours after they become aware of any significant money laundering, terrorism financing, or proliferation financing risk event.
January 6, 2023IDAXA has launched a new working group, chaired by former policymaker Andrew Churchill, to propose globally harmonised AML/CFT standards for virtual asset service providers and regulators.
December 20, 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, 2022Sportsbet and Bet365 are among the largest corporate bookmakers in Australia. AUSTRAC chief Nicole Rose said the whole industry is on notice.
November 4, 2022A national risk assessment found remittance agents and banks to be the most vulnerable. MAS will develop new guidance for both sectors.
October 10, 2022When performing SoF and SoW checks, reporting entities must avoid the misconception that money coming from a bank can be presumed to be clean.
October 7, 2022Super funds are exposed to cyber crime, as well as AML risks resulting from the growth in merger activity across the sector.
September 28, 2022Most remittance dealers and remittance network providers did not submit any SMRs in the reporting period assessed by AUSTRAC.
September 28, 2022