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Showing 1 - 10 of 10 results for "Nicole Rose"

Chester eyes ASIC chair role

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
... with inquiring into the activities of regulators. O'Neill also referred to reports that AUSTRAC chief executive Nicole Rose is being considered for the role. In October 2020, Chester took on the role of chair in an acting capacity while Shipton stepped ...

AUSTRAC releases guidance on wildlife trafficking

ALLY SELBY  |  MONDAY, 12 OCT 2020
... the price of domestic native lizards, AUSTRAC said, selling for between $1000 and $20,000. AUSTRAC's chief executive Nicole Rose said organised criminals use services provided by financial services institutions to move and disguise illicit funds. In ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... in relation to suspicious transactions associated with possible child exploitation. AUSTRAC's chief executive, Nicole Rose said the settlement sends a strong message to industry that AUSTRAC will take action to ensure the financial system remains ...

Westpac faces 23 million breaches

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
... with the Anti Money Laundering and Counter Terrorism Act 2006 on over 23 million occasions. AUSTRAC chief executive Nicole Rose said that AUSTRAC's decision to commence civil penalty proceedings was made following a detailed investigation into Westpac's ...

AUSTRAC orders audit of PayPal

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... and our law enforcement partners stop the movement of money to criminals and terrorists," AUSTRAC chief executive Nicole Rose said. "PayPal is an important partner in the fight against crime. However, when we suspect non-compliance AUSTRAC will take ...

AUSTRAC zeroes in on Afterpay

HARRISON WORLEY  |  MONDAY, 17 JUN 2019
... firm identifies and verifies its customers and its suspicious matter reporting obligations. AUSTRAC chief executive Nicole Rose said Australia's AML/CTF laws are serious and new financial services firms need to ensure they take them seriously. The regulator ...

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
... whether the regulator should be notified of suspicious (and potentially criminal) activity. AUSTRAC chief executive Nicole Rose said the ruthless nature of criminals ensured the super industry needed to keep its wits about. "Criminals are ruthless in ...

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
... that ongoing customer due diligence requirements were breached in respect of 80 customers. AUSTRAC chief executive Nicole Rose said: "As we have seen in this case, criminals will exploit poor business practices to launder the proceeds of their crimes." ...

Cryptocurrency service providers now regulated: AUSTRAC

HARRISON WORLEY  |  THURSDAY, 12 APR 2018
... activity and report suspicious actions to AUSTRAC, or movements of cash over $10,000. AUSTRAC chief executive officer Nicole Rose said the new regulation will instill public confidence in the fledgling sector. "It's recognised that this reform will help ...

CBA hit with fresh AML breaches by AUSTRAC

EMMA RAPAPORT  |  FRIDAY, 15 DEC 2017
... identify, mitigate and manage the ML/TF risks associated with intelligent deposit machines (IDMs). AUSTRAC chief executive Nicole Rose said the additional alleged contraventions were identified after the civil penalty proceedings were instituted through ...
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