by AdrianaAMLP | Jul 9, 2024
The key theme to emerge from this assessment is persistence: persistent exploitation of channels that have historically been used to launder funds (e.g. banks, remitters and casinos); persistent exploitation of high-value assets like luxury watches, vehicles and real...
by Jyotsna Bucktowar | Jun 6, 2024
Criminal networks exploit international students and temporary residents in Australia as money mules, unaware of the illegal nature of their activities. Criminal networks are constantly seeking ways to clean their dirty money, obtained from various criminal activities...
by AdrianaAMLP | May 30, 2024
The enforceable undertaking binds Sportsbet to an ongoing remedial action plan to improve its AML/CTF program, which AUSTRAC will monitor to ensure it is undertaken within agreed timeframes. As part of the undertaking, Sportsbet is also required to provide reports to...
by Jyotsna Bucktowar | May 20, 2024
SkyCity has acknowledged in reaching this agreement that it violated the AML/CTF Act in several ways, including that: Its AML/CTF Programs violated the section 81 by not adhering to the AML/CTF Act and AML/CTF Regulations…
by Jyotsna Bucktowar | May 6, 2024
The reforms are critical in supporting law enforcement partners in their fight against transnational, serious and organised crime and protecting Australians. This investment will enable the Australian Transaction Reports and Analysis Centre (AUSTRAC) to implement the...
Recent Comments