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AUSTRAC orders audit of global crypto exchange

AUSTRAC has directed Binance Australia to appoint...

Sanctions Notice – Iran

Please be advised that the following individuals/entities...

Man Sentenced for Over $11M COVID-19 Relief Fraud and Money Laundering Scheme

A Nevada man was sentenced today to...

Tag: simplified due diligence (sdd)

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Crypto

Crypto exchange $75k out of pocket for missing reporting deadlines

AUSTRAC issued infringement notices of $75,120 to digital currency exchange provider Cointree Pty Ltd for the alleged failure to submit suspicious matter reports (SMRs)...
Recent Regulations & News

More forms of espionage to be a criminal offence from 15 May onwards

More forms of espionage, such as digital and diaspora espionage, are to be a criminal offence from 15 May onwards. To achieve this a...
Money Laundering

AUSTRAC flags AML/CTF concerns, orders audit of Mercedes Benz Financial Services

AUSTRAC has ordered the appointment of an external auditor to Mercedes Benz Financial Services Australia after raising concerns about the financier’s compliance with the...
Opinion

State Secretary Struycken signs European convention protecting lawyers in Luxembourg

State Secretary for Legal Protection Teun Struycken has signed the Council of Europe Convention for the Protection of the Profession of Lawyer on behalf...
AI/ML

The Netherlands and Ukraine sign Memorandum of Understanding for protecting critical infrastructure

Ukraine and the Netherlands signed a Memorandum of Understanding (MoU) on the protection of critical infrastructure today. Minister of Justice and Security Van Weel...
Human Rights

Area ban for nuisance-causing asylum seeker

Asylum seekers who cause nuisance can be placed in a strict, austere and freedom-restricting regime in Ter Apel from 1 June. This is what...
Human Rights

New Justice and Security laws as of July 1, 2024 | News item

Rape and sexual assault victims will be able to file a police report in more situations, descendants of enslaved people can change their name...
Sanctions

EU imposes first ever sanctions on leading cybercriminals | News item

The Foreign Affairs Council has adopted sanctions against six Russian individuals responsible for serious cyber operations that have caused widespread damage in the EU,...
Recent Regulations & News

Senate approves Data Processing by Partnerships Act | News item

Today the Dutch Senate approved the Data Processing by Partnerships Act (Wet gegevensverwerking door samenwerkingsverbanden, Wgs). This law clarifies the strict conditions under which...
Human Rights

Flight MH17: European Court of Human Rights to hear the Netherlands’ inter-State application against the Russian Federation | News item

On 12 June 2024 the European Court of Human Rights will consider the Netherlands’ inter-State application against the Russian Federation regarding the downing of...
Human Rights

Corinne Dettmeijer-Vermeulen re-elected for CEDAW Committee | News item

On June 7, 2024, the election took place for 11 new members of Committee on the Elimination of all forms of Discrimination Against Women...
Money Laundering

Federal Court makes ruling in SkyCity case

SkyCity Adelaide Pty Ltd (SkyCity) has been ordered by the Federal Court of Australia to pay a $67 million penalty after AUSTRAC launched civil penalty...
Human Rights

Authority may require hosting companies to remove online child sexual abuse material from servers | News item

Hosting companies may soon be required to delete online child sexual abuse material from their servers and make the harmful visual material inaccessible to...
Money Laundering

New guidance released to help combat the use of foreign students as money mules

Today AUSTRAC released a new financial crime guide to help businesses identify and report suspicious activity related to criminal networks targeting vulnerable international students...

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