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Two investment firms have been hit with combined penalties of nearly $100,000 for failing to pay infringement notices issued by the financial crimes regulator.
Criminals are increasingly using AI in their money laundering playbook, increasing the scale and sophistication of financial crimes, AUSTRAC has warned.
AUSTRAC has opened an investigation into betting company Tabcorp’s compliance with anti-money laundering laws.
AUSTRAC has ordered Airwallex to appoint an external auditor, amid concerns about the payment platform's monitoring of suspicious matters.
AUSTRAC has launched an investigation into Bendigo and Adelaide Bank's compliance with anti-money laundering laws, as APRA directs the bank to hold a capital add-on of $50 million.
A SkyCity shareholder has lost his bid to bring a case against former executives and directors at the ASX-listed casino seeking to recoup a $67 million penalty over breaches of money laundering regulations.
A Deloitte review has found lax compliance with anti-money laundering rules by Bendigo Bank over a six-year period.
AUSTRAC would get new powers to restrict or ban certain high-risk products, services or delivery channels, such as crypto ATMs, under legislation being proposed by home affairs minister.
The financial crimes regulator has trimmed its case against the operator of online gambling sites Ladbrokes and Neds, UK-based Entain, alleging “systemic failure” to comply with its anti-money laundering obligations.
The financial crimes regulator has ordered the Australian unit of the world's largest crypto exchange, Binance, to appoint an external auditor after flagging concerns about its anti-money laundering and counter-terrorism financing compliance.