AUSTRAC

Today AUSTRAC has published new reforms guidance on upcoming changes to AML/CTF laws. This guidance outlines the new obligations, how we interpret them and what we expect businesses to do to comply. We designed this in partnership with industry to be clear and practical for all levels of understanding — whether you’re new to financial crime regulation or an experienced reporting entity. Visit our website to read the new guidance and find out how you can begin preparing: https://lnkd.in/dKEg7Bsc Together, we can stop crime where it hides and strengthen Australia’s anti-money laundering protections.

We have re-released the regulatory guide for pubs and clubs to help venues with electronic gaming machines (EGMs) better understand and meet their AML/CTF obligations. This guide has been updated following recent enforcement action to share insights and help you better manage risk and strengthen your compliance. 🔑 Key updates: • clarifies risks of customers using proceeds of crime to fund gambling • more examples of ML/TF risks and effective controls • guidance on engaging AML/CTF consultants and independent reviews. Download the guide here: https://lnkd.in/ga-h9iea This guide should be used alongside existing AUSTRAC guidance. Review your AML/CTF program to ensure it reflects the latest updates.

Our CEO Brendan Thomas appeared at the recent ClubsNSW Conference, joining their CEO Rebecca Riant 🌈 to discuss the theme, 'Navigating the Future: The Evolving Anti-Money Laundering (AML) Regulatory Landscape for Clubs’.   He then joined Antonia Mercorella, CEO at The REIQ's LIFT Conference to talk about the new legal obligations for real estate businesses from July next year.   The AML/CTF laws are changing. Find out more about these changes here: https://lnkd.in/dKEg7Bsc #AUSTRAC #AMLCTF

Last week, our CEO Brendan Thomas visited Papua New Guinea to participate in their inaugural Anti-Money Laundering, Counter-Terrorism and Counter-Proliferation Financing (AML/CTF/CPF) Conference. It was hosted by PNG’s Financial Analysis and Supervision Unit (FASU), bringing together private and public-sector organisations. The theme was ‘Fighting Financial Crime is Everyone’s Business’, with topics including regional financial crime trends and the impact of enforcement actions. Find out more about our work with PNG: https://ow.ly/hBn050X8TVT #AUSTRAC #FinancialCrime #AMLCTF

We were delighted to visit the Cook Islands this month, supporting Project Taipan.   Through this partnership program, we're working with the Pacific Islands to improve their IT systems and capability to combat financial crime.    Read more: https://lnkd.in/gs9BqJgA

In the ACAMS latest Financial Crime Matters podcast with Kieran Beer, AUSTRAC CEO Brendan Thomas highlights the critical role we play in driving innovation in the fight against money laundering and other financial crimes.     🎧 Listen to learn about how collaboration and analytics are reshaping financial intelligence: https://lnkd.in/gTR2Z2bw (Keep an ear out for a Fintel Alliance shout out around 16 minutes in!)   It’s a powerful reminder that the fight against financial crime is most effective when public and private sectors work side by side. #AUSTRAC #FintelAlliance

📢 Exciting news 📢 If you’re one of the thousands of businesses that report to us, next month you’ll see a new and improved #AUSTRAC Online reporting platform. This includes: ✔️ stronger and flexible security options ✔️ a more responsive and intuitive interface ✔️ self-service options, making reporting easier ✔️ ongoing support and training options ✔️ a seamless experience across all devices. This upgrade is part of our commitment to maintaining the highest levels of security standards for business reporting. It means a better way of working together to stop financial crime and protect your business and the community. Keep an eye on your emails as we’ll send you details on how to prepare. More info.: https://ow.ly/iC2h50X6NGH. #AMLCTF #MoneyLaundering #AUSTRACOnline

In the upcoming edition of InBrief, you’ll find: • updates on our national reforms awareness campaign • the latest on the new AML/CTF rules, upcoming guidance and education products • lessons learned from the Mounties case • and much more! Subscribe now: https://lnkd.in/gdCWjBy2

Unable to attend a live AML/CTF Essentials webinar? You can now watch the recordings on demand. Designed to support tranche 2 entities, you will hear about: • who we are and our role • what the risks of money laundering, terrorism financing and proliferation financing are and the impact on the Australian economy • how to begin preparing for the reforms coming into place in 2026. Watch now on the AUSTRAC YouTube channel: https://ow.ly/j7Nr50X3ow0

The larger the organisation, the greater the responsibility to manage the risks of dirty money. In July this year, we took action against Mounties for non-compliance with Australia's AML/CTF laws. Subscribe to our latest edition of InBrief to learn what we uncovered during the investigation — and how your business can strengthen its controls against financial crime: https://ow.ly/ej2T50X3pot