AUSTRAC

🚩A routine review that posed several red flags. Learn why having a risk-based approach to politically exposed persons (PEPs) can help keep your business safe from financial crime. Learn more from our case study here https://ow.ly/QoN850ZAjoi

Under new anti-money laundering and counter-terrorism financing laws, you may be asked for ID when using certain services. This extra step means businesses know you are a legitimate customer and help keep our financial systems safe from crime. Find out how identity checks help prevent financial crime: https://ow.ly/95nb50ZC8hV

A suspicious overseas transaction. A gambling patron with a lot of cash. A buyer offering well over the asking price. Knowing when a transaction requires further enquiries can protect your business from financial crime. Read our case studies and learn more at https://ow.ly/XVOu50ZAjm1

If you're a RegTech provider that offers AML/CTF solutions or a regulated business with in-house AML/CTF solutions, you're invited to our AUSTRAC RegTech insights event! Join us on Thursday 3 or Wednesday 9 September for a virtual event where you’ll hear from industry experts about transaction reporting, common data quality issues, our new reporting forms and more. Register for one of the event here https://ow.ly/EWVy50ZC8jT

We are warning the public to be aware following reports of scammers impersonating the agency and our staff in an attempt to steal money and sensitive information. Criminals are using emails, phone calls and messages that appear legitimate to pressure victims into making urgent payments or disclosing personal details. We do not contact members of the public unexpectedly demanding payment. Read more: https://ow.ly/egRi50ZFt8I

It's International Dog Day! 🐕 Taking a page from 101 Dalmatians, we’re turning to our favourite canine crime-prevention network, The Twilight Bark. Clear communication and immediacy are crucial to timely reporting that helps us stop financial crime. Pongo and Perdita used the Twilight Bark to track their puppies - we use your reporting to identify and stop financial crime in its tracks.

Illicit drugs. Human trafficking. Child exploitation. Dirty money funds the worst crimes in our society. That’s why new AML/CTF laws are in place to help us find financial crime where it hides. Learn what this means for you: https://ow.ly/Lorl50ZzK7l

A fresh new addition to the e-learning menu is here! 🍽️ Fill up on 4 e-learning modules about AML/CTF programs, governance, and more! Learn about the steps involved in developing an AML/CTF program, plus plenty of scenarios to put your learning into practice. Get it while it’s hot https://lnkd.in/euWvC3sK

If you provide remittance services, you must enrol and register with AUSTRAC before offering these services. Unregistered remittance dealers expose their business and the community to serious crimes, like fraud and scams, tax evasion, drug trafficking and proliferation financing. Reporting unregistered remittance dealers to AUSTRAC helps create a level playing field for businesses doing the right thing.

If your business is providing designated services, you should already be enrolled with us and meeting your AML/CTF obligations. Businesses that have not enrolled or taken reasonable steps towards meeting their obligations may face enforcement action. Learn more about the consequences of not complying at https://ow.ly/L1Ar50ZC8c0