Australian Transaction Reports and Analysis Centre (AUSTRAC)

    AUSTRAC is Australia’s financial intelligence agency with regulatory responsibility for anti-money laundering and counter-terrorism financing.It identifies threats and criminal abuse of the financial system, and acts to protect Australia’s economy. It also works in partnership with industry and government agencies in Australia and overseas tohelp keep Australia safe from financial and other serious crimebuild and maintain trust in Australia’s financial system as part of the global community.

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    AUSTRAC probe raises the stakes for Crown Resorts

    AUSTRAC urges casinos to mitigate junket risk

    Australia’s top anti-money laundering watchdog has released an in-depth report into junket operators, concluding they are highly vulnerable to criminal activity and that casinos need to do more to mitigate the risks.

    AUSTRAC chief says junket monitoring is operator responsibility

    AUSTRAC Chief Executive Nicole Rose told Senate estimates that it was up to individual gaming companies to assess whether overseas tour groups were compliant with Australia’s anti-money laundering and counter-terrorism financing laws. “AUSTRAC does not regulate junket tour operators,” she said.

    AUSTRAC delivers notice to Crown Resorts on possible AML breaches

    Australian Transaction Reports and Analysis Centre (AUSTRAC) has delivered formal notice to Crown Resorts that it has identified potential non-compliance at the firm with its responsibilities in relation to anti-money laundering rules.

    AUSTRAC to focus on gambling industry

    Australia’s anti-money laundering regulator, AUSTRAC is set to sharpen its focus on the gambling industry this year, local media reports. Last year, AUSTRAC chief executive Nicole Rose warned that the agency would examine potential “gaps” in regulations that dictated what casinos need to know about their gaming customers, especially VIPs.  The news comes just a […]