Most Recent
A judge has ordered Star Entertainment to pay a $260 million penalty for anti-money laundering and counter-terrorism financing failures, saying the casino turned a “blind eye” to customers likely linked to organised crime.
A judge has raised concerns that lengthy expert reports filed by AUSTRAC and Entain in the regulator’s AML/CTF case have strayed into expressing “positively unhelpful” opinions.
AUSTRAC is investigating Western Union over concerns about management of high-risk payment channels and customers.
Online betting platform Bet365 has avoided court action by entering into a court enforceable undertaking with AUSTRAC requiring it to overhaul its systems.
The Law Council has called for a one-year pause on an impending requirement that law firms comply with the anti-money laundering counter-terrorism finance regime, saying there is still no clarity about who the new rules apply to.
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.