AUSTRAC

The tipping off offence will change on 31 March 2025. We have released new guidance to help businesses understand the changes to the tipping off offence. The changes focus on whether disclosing information would or could prejudice an investigation, rather than the mere disclosure of information itself. Read the tipping off guidance today: https://lnkd.in/gM4a9r2F

🚨 Your compliance report for the 2024 calendar year is due by 11:59 pm, 31 March 🚨 We will close the portal to submit compliance reports after 31 March, and penalties can apply if you fail to submit 👮 Submit your report via AUSTRAC Online today: online.austrac.gov.au

Yesterday our CEO, Brendan Thomas, attended the Regulating the Game conference in Sydney. In his address he outlined the money laundering risks faced by the gambling sector and highlighted the need for businesses to take these risk seriously, to stamp out illegal activity and protect the community from harm. Mr Thomas also warned businesses that AUSTRAC will take swift action against those who fail to meet their anti-money laundering legal obligations.

There is still time to register for our upcoming ACAMS-AUSTRAC Outreach event on 27 March! Learn about the updates to the tipping off offence coming into effect on March 31, and an update on the customer due diligence rules. Register now and invite your colleagues: https://lnkd.in/gpDjwz5w

There is only one month left to submit your 2024 compliance report 📅 Your compliance report for the 2024 calendar year is due by 11:59 pm, 31 March ⏰ The information you provide is critical in helping us to detect and disrupt money laundering and other serious crimes 👮 Remember, you can face penalties if you fail to submit your report. Submit now: https://lnkd.in/gBYssxWC

Did you know the updates to the tipping off offence come into effect on 31 March 2025? Come along to our virtual ACAMS-AUSTRAC Outreach Event on 27 March to learn about the changes to tipping off, and hear an update on the customer due diligence rules. Register to attend here: https://lnkd.in/gpDjwz5w Share this event with your colleagues!

AUSTRAC intelligence has led to arrest of a man who was subsequently charged with importing a commercial quantity of drugs. AUSTRAC’s report enabled authorities to stop a Singaporean national who flew from Malaysia to Sydney on Thursday 20 February, abandoning two large suitcases containing 40kg kilos of meth and cocaine on a baggage carousel. Read more: https://lnkd.in/gFe7JVCa

Are you an Aboriginal or Torres Strait Islander professional looking to make an impact in financial intelligence and combatting serious crimes like money laundering and terrorism financing? We are proud to launch our First Nations Talent Register—an initiative designed to connect Aboriginal and Torres Strait Islander peoples with career opportunities at AUSTRAC. We are committed to building a workforce that reflects the diverse communities we serve. This initiative connects First Nations talent with both ongoing and non-ongoing roles that align with their skills and interests. Register today: https://ow.ly/Q7OX50V7gGa #JobsForMob #FirstNationsTalent #IndigenousTalent #FirstNationsJobs

At AUSTRAC, fighting transnational financial crime can take many forms. Most recently, we hosted workshops for our financial intelligence counterparts in Laos and Cambodia, through Australian Department of Foreign Affairs and Trade's #MekongAustraliaPartnership. The focus: strategic report writing and communications. Participants learned about the best methods for carrying out financial assessments, analysing case studies and communicating their findings to senior authorities, so they can detect and stop criminal activity. Effective communications and good quality financial intelligence are vital to fighting serious crimes and money laundering in the #Mekong region.

Have you started your 2024 compliance report yet? 🤔 Don’t forget, you need to submit your report by 31 March to avoid possible enforcement action 🚨 Login to AUSTRAC Online today to get started: online.austrac.gov.au