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Showing 151 - 156 of 156 results for "AUSTRAC"

AUSTRAC to probe anti-money laundering breaches

MICHAEL HOBBS  |  THURSDAY, 2 JUL 2009
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has accepted enforceable undertakings from Barclays Bank PLC and Mega International Commercial Bank Co for breaching anti-money laundering and counter terrorism laws. An AUSTRAC statement ...

AUI and DirectPortfolio adopt AML service

MICHAEL HOBBS  |  TUESDAY, 25 NOV 2008
... most financial administration systems and OneVue plans to enhance the product to electronically submit applications to AUSTRAC. The Anti-Money Laundering and Counter Terrorism Financing Act received Royal Assent in 2006. The legislation covers the finance ...

New tech counters terrorist attacks

RUTH LIEW  |  MONDAY, 7 JUL 2008
... enables local organisations to comply with reporting requirements to the Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia's anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit. ...

Members require ID checks

MICHAEL HOBBS  |  THURSDAY, 13 DEC 2007
... fund members. "ASFA has worked closely with the government and the Australian Transaction Reports and Analysis Centre (AUSTRAC) to develop an AML regime that recognises the special needs of the superannuation industry," Vamos said. To assist reporting ...

Fundies find a loophole in money laundering law

WWW.THESHEET.COM  |  WEDNESDAY, 12 DEC 2007
... implementation of the most significant provision of the Anti-Money Laundering and Counter-Terrorism Financing Act, the regulator Austrac has conceded that there is a big loophole in the law. Austrac issued a statement yesterday, saying the issue of units ...

AUSTRAC's power to be checked

WWW.THESHEET.COM  |  WEDNESDAY, 6 DEC 2006
... responded to finance industry concerns with recommendations for a longer implementation period and curbs on the power of AUSTRAC, the body that will administer the new AML regime. The Senate Standing Committee on Legal and Constitutional Affairs has ...