AUSTRAC

Official X account for AUSTRAC, Australia's financial intelligence agency. For more info or to contact us, visit our website. Please do NOT report crime here.

[AUSTRAC @AUSTRAC]

Laundered money can find its way through our financial systems and into the hands of criminal networks.

Reporting to us isn’t a box ticking exercise, it’s how we keep our community safe.

Learn more about what’s expected of reporting entities here: https://t.co/aMAO1spEnq

[AUSTRAC @AUSTRAC]

If obligations aren’t met, or risks aren’t properly managed, regulatory action may be taken.
Learn about the non-compliance and what it means: https://t.co/QE8MOX2VTS

[AUSTRAC @AUSTRAC]

As new AML/CTF reforms roll out, we’re focused on helping businesses understand and meet their obligations.

We don’t expect perfection from day one, but we do expect businesses to take reasonable steps to understand and manage their AML/CTF risks.

[AUSTRAC @AUSTRAC]

Money laundering is financial crime - but the impacts go far beyond dollars.

It enables serious criminal activity like:
· Illicit drugs
· Human trafficking
· Exploitation of vulnerable people

Find out more at: https://t.co/tFdIIkswii

[AUSTRAC @AUSTRAC]

📢 Reminder!

AUSTRAC Online will be offline from 8pm Friday 19 June - 7am Monday 22 June AEST to enable us to rollout new registration forms.

Please make appropriate arrangements for the outage period.

For further information, head to➡️ https://t.co/4a7Msot7Ov See

[AUSTRAC @AUSTRAC]

AUSTRAC Online will be offline from 8pm Friday 19 June until 7am Monday 22 June AEST to enable us to rollout new registration forms.

Please make appropriate arrangements & let affected staff know. For further information, visit https://t.co/4a7Msot7Ov

[AUSTRAC @AUSTRAC]

With the new laws coming into effect on 1 July, you have until 29 July to enrol with us.
Don’t wait — enrolling your business is simple.

Follow these steps to ensure your business is enrolled and protected from financial crime.
Head to https://t.co/zFAu8BjNmq

[AUSTRAC @AUSTRAC]

Watch the videos on YouTube to get started https://t.co/h7Z1JqwMT5

[AUSTRAC @AUSTRAC]

New resources to help newly regulated small businesses!

Our program starter kit videos will help guide you through the key steps to customise, use and maintain your AML/CTF program.

[AUSTRAC @AUSTRAC]

Locking it in the diary 🔐

Enrolments for newly regulated entities are due by 29 July.

Don’t leave it too late. Get started on your enrolment today: https://t.co/zFAu8BjNmq

[AUSTRAC @AUSTRAC]

Serious & organised crime affects the whole community, through human trafficking, child exploitation and serious drug crime.

AML/CTF obligations help businesses identity suspicious activity & reduce the risk of criminal exploitation ➡️ https://t.co/WtHbO32FDZ

[AUSTRAC @AUSTRAC]

Groups like Hells Angels rely on money - moving it, hiding it & using it to keep their operations going. AUSTRAC & our partners are focused [on] tracking the money to expose who’s involved & cutting off their access to it.”
- Anthony Helmond, National Manager Law Enforcement

[NSW Police Force @nswpolice]

Law enforcement agencies across Australia and New Zealand have carried out a coordinated National Day of Action targeting the Hells Angels Outlaw Motorcycle Gang (OMCG).

MORE INFORMATION ➡️ https://t.co/gKErTHtjqN

[AUSTRAC @AUSTRAC]

To learn more about the new laws and what it means for your business, head to https://t.co/9hNqVkgVnP

[AUSTRAC @AUSTRAC]

Recently, we held an industry forum for businesses preparing for upcoming new AML/CTF laws.

The message was clear: We're relying on these businesses to help us make it harder for criminals to wash dirty money through our financial system.

[AUSTRAC @AUSTRAC]

AUSTRAC Online will be offline from 8pm Friday 19 June until 7am Monday 22 June AEST to enable us to rollout new registration forms.

Please make appropriate arrangements & let affected staff know. For further information, visit https://t.co/4a7Msot7Ov

[AUSTRAC @AUSTRAC]

New video series just dropped 📺

Newly regulated businesses can learn how to confidently use the starter kits to build their AML/CTF program, by:
•applying your AML/CTF obligations in practice
•identifying risks in your businesses
•understanding key personnel and customer considerations
•use supporting documents to create appropriate policies, processes and forms.

Learn more and watch the series here:
https://t.co/hWVFIkw8QB

[AUSTRAC @AUSTRAC]

Good governance isn’t just a box to tick. It helps protect your business from criminal exploitation and builds a strong compliance culture.

Our resources explain governance roles, responsibilities and expectations under the AML/CTF reforms. Learn more: https://t.co/bCPRjZpqSm

[AUSTRAC @AUSTRAC]

Serious and organised crime costs Australia billions each year – around 3.2% of Australia’s gross domestic product.

We’re working to stop financial crime where it hides.

Learn more at https://t.co/ILr2mva1pT

[AUSTRAC @AUSTRAC]

With new AML/CTF reforms in effect, we know your customers may have questions about how they are impacted.

We've created a customer facing poster that explains the what and the why. Download the posters at: https://t.co/Af0MJTop4q

[AUSTRAC @AUSTRAC]

If you’re a current reporting entity, a reminder you need to update your enrolment details, including nominating your AML Compliance Officer to us.

Head to https://t.co/ELm9OANqL1 to update your details.

[AUSTRAC @AUSTRAC]

Can you spot the red flags? 🚩

Recognising money laundering and terrorism financing risks in everyday interactions can help strengthen your AML/CTF program and protect your business from criminal exploitation.

Understanding suspicious indicators can also help you identify unusual customer behaviour and respond appropriately.

You can read more about the risk and indicators of suspicious activity here: https://t.co/nvDbZ1U9gY