Tag: AUSTRAC

Financial crime regulation in Southeast Asia and Australia is becoming stricter, with regulators introducing clearer frameworks and stronger enforcement. Authorities are responding to threats...

Australia’s financial crime regulator has ordered Binance’s local unit to appoint an external auditor following concerns over its anti-money laundering (AML) and counter terrorism...

Australia’s financial crime watchdog, AUSTRAC, has taken a major step towards modernising its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) framework by publishing its Second...

Australia has taken a significant step in tightening its anti-money laundering regime with the passage of the AML/CTF Amendment Bill in November 2024. The reforms aim to enhance enforcement against financial crime and bring the country closer in line with global standards set by the Financial Action Task Force (FATF).

The scale of illicit finance continues to grow, with Nasdaq estimating that over $3.1tn in dirty money flowed through the global system in 2024.

Australia is moving to overhaul its anti-money laundering and counter-terrorism financing (AML/CTF) framework with a comprehensive new proposal aimed at aligning the country with global standards set by the Financial Action Task Force (FATF).

Australia's financial crime compliance framework is set for significant updates as the Australian Transaction Reports and Analysis Centre (AUSTRAC) rolls out a new set...

Australia's dynamic business environment continually attracts entrepreneurs and investors, making comprehensive KYB practices crucial. According to AIPrise, with a significant influx of new business...

In today's digital landscape, the importance of identity verification extends beyond mere procedure; it's a critical safeguard against escalating fraud risks.

AUSTRAC, collaborating with the AFP and the Australian Border Force (ABF), has introduced a new financial crime guide.