27th April 2016
Gaming giant Tabcorp has been accused of a further 61 reporting breaches as part of a landmark Federal Court action taken by anti-money laundering watchdog Austrac. Read More
27th April 2016
The Federal Government’s financial intelligence agency, AUSTRAC, has filed a further sixty-one alleged contraventions against Tab Limited, Tabcorp Holdings Limited and Tabcorp Wagering (Vic) Pty Limited adding to current civil penalty court proceedings. Read More
22nd April 2016
A former senior executive of Leighton Holdings has given evidence about corruption inside the company he once worked for, saying he has been told by the corporate regulator that it plans to charge one of Leighton’s former finance chiefs over a suspect $15m payment to a Dubai consultant in 2011. Read More
19th April 2016
Fears over money laundering and the risk of financing of terrorism has prompted calls for Bendigo Bank to abandon any dealings with the tiny Pacific nation of Nauru. Read More
19th April 2016
The prime minister has repeatedly rejected the idea of establishing a national corruption body. Attorney general, Senator Brandis, went so far as to suggest that Australian federal politics is “remarkably free of corruption” when rejecting the need for such a body. Read More
14th April 2016
Australian government agencies have made almost uniform calls to wind back federal whistleblower laws, arguing they are an administrative burden that creates confusion and unnecessary costs. Read More
14th April 2016
The lawyers behind Mossack Fonseca would have faced less-stringent money-laundering rules if the firm was located in Australia rather than Panama, an economic crime expert says. Read More
13th April 2016
AUSTRAC is an active member of the Serious Financial Crime Taskforce (SFCT), providing actionable financial intelligence and data sharing as well as specialist analytical and intelligence support. The Australian Taxation Office (ATO), as part of the partnership approach embodied by the SFCT, has shared data that they received relating to the ‘Panama Papers’ with AUSTRAC. Read More
16th March 2016
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has reaffirmed its support for a new Indonesian regulation on submission of data and information to combat money laundering, adding that the measure will also aid in efforts to eradicate terrorism. Read More
25th February 2016
SYDNEY - The decision by Australia's major banks to quit the country's $35 billion a year remittance business is driving fund-transfers underground, a trend exposing the country as a weak link in the global fight against money laundering and financial crime. Read More