AUSTRAC has published:
- new resources for reporting entities in the bullion sector, including a money laundering/terrorism financing risk assessment;
- two money laundering/terrorism financing risk assessments for independent remittance dealers and for remittance network providers and their affiliates respectively; and
- an update on money laundering/terrorism financing threats associated with the superannuation sector.
The guidance in these resources should be used to understand your risks, refine your business’s internal controls and to understand when you may need to report suspicious matters to AUSTRAC.
If you found this article helpful, then subscribe to our news emails to keep up to date and look at our video courses for in-depth training. Use the search box at the top right of this page or the categories list on the right hand side of this page to check for other articles on the same or related matters.
Author: David Jacobson
Principal, Bright Corporate Law
Email:
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
