The report is based on a classified national risk assessment of the Australian terrorism financing environment completed by AUSTRAC in 2014 in collaboration with a number of key partner agencies, particularly the Australian Federal Police (AFP). This public report presents a consolidated picture of the Australian terrorism financing environment – current and emerging risks and […]

AUSTRAC has filed papers in the Federal Court against three Tabcorp group companies for extensive, significant and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing legislation. The application and statement of claim initiates civil penalty proceedings against Tab Limited, Tabcorp Holdings Limited and Tabcorp Wagering (Vic) Pty Limited. This action follows a long and […]

A private investigator filmed secretly at a leading law firm in Papua New Guinea, revealing a trail of corruption and influence peddling involving politicians, bureaucrats and lawyers. The investigator posed as a fund manager looking to invest in PNG during an initial appointment with Young and Williams Lawyers. He was working for the NGO, Global […]

Politically exposed persons, who are treated as high-risk customers under anti-money laundering and counter-terrorism financing law, may continue to pose a high risk even after they cease holding a public position. The anti-money laundering and counter-terrorism financing regulator Austrac has issued a draft guidance note spelling out its definition of a politically exposed person, with […]