Consultation on draft AML/CTF Rules and Explanatory Statement amending Chapter 21 of the Rules

AUSTRAC released draft AML/CTF Rules and an Explanatory Statement amending Chapter 21 of the AML/CTF Rules

Working together to prevent the sexual exploitation of children

NAPCAN’s (The National Association for Prevention of Child abuse and Neglect) annual National Child Protection Week ran from 3 to 9 September 2023 and aimed

FATF updates on global ML/TF Risk – October 2023

FATF published two updates relating to international ML/TF risk.

AUSTRAC’s response to the Israel/Gaza conflict

AUSTRAC established an operational response to the unfolding Israel/Gaza conflict

AUSTRAC accepts enforceable undertaking from Gold Corporation

AUSTRAC accepted an Enforceable Undertaking (“EU”) from Gold Corporation (trading as Perth Mint) to uplift its compliance with AML/CTF laws.

Understanding obligations in relation to data breaches

Data breaches are becoming more common. Where they involve personal information, data breaches increase the risk of identity crime, fraud and cyber-enabled crime

Stay up-to-date with AUSTRAC’s latest guidance

AUSTRAC’s created a new Latest Guidance Updates page on its website, which is a ‘one-stop shop’ to view all guidance released and updated by AUSTRAC

2023 Compliance Report

Reporting Entities must submit their Compliance Report by 31 March 2024.

Recap of the 2023 RegTech Symposium

RegTech Symposiums are an AUSTRAC initiative providing dialogue and guidance to the Australian RegTech industry.