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Showing 1 - 10 of 149 results for "Terrorism"

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
... (AUSTRAC) also directed Binance Australia to appoint an external auditor over its anti-money laundering and counter terrorism financing controls. Binance told Financial Standard it has ceased its derivatives business and voluntarily gave back its Australian ...

Advisers may be caught by new AML/CTF reforms: Expert

MATTHEW WAI  |  FRIDAY, 21 NOV 2025
Although financial advice is not part of the group that will fall under the upcoming anti-money laundering/counter-terrorism financing (AML/CTF) reform, an expert told the Financial Advice Association Australia (FAAA) Congress advisers may be caught ...

FAAA launches digital client identification tool

KARREN VERGARA  |  WEDNESDAY, 19 NOV 2025
... client identification tool to assist advisers identify and verify their clients for anti-money laundering and counter-terrorism financing (AML/CTF) purposes. FAAA SafeID, an end-to-end client identification and verification platform, will be available ...

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... Federal Court ordered Westpac to pay a $1.3 billion penalty for its breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, minting the highest civil penalty in Australian history. Chief among the bank's failures were in its ...

Two CBA class action appeals dismissed

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... prove any loss, and there was no award of damages. The two class actions related to anti-money laundering and counter-terrorism financing (AML/CTF) and claimed shareholders had suffered due to CBA's alleged conduct. AUSTRAC alleged as early as 2017 that ...

Binance names head of APAC

MICHELLE BALTAZAR  |  THURSDAY, 4 SEP 2025
... never far behind. Last month, AUSTRAC raised serious concerns about the company's anti-money laundering and counter terrorism financing (AML/CTF) controls, ordering an independent audit. Binance has more than 250 million registered users and more ...

Binance under microscope over loose controls

MATTHEW WAI  |  MONDAY, 25 AUG 2025
... its independent review. The concerns are in relation to the crypto exchange's anti-money laundering and counter terrorism financing (AML/CTF) controls, prompted by several issues including Binance's latest independent review which AUSTRAC said ...

Cointree hit with AUSTRAC fine

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... Cointree voluntarily disclosed it had not met the reporting timeframes required by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). AUSTRAC chief executive Brendan Thomas said that failing to submit SMRs on time denied ...

ASIC makes key appointments to executive team

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... Transaction Reports and Analysis Centre (AUSTRAC), Australia's financial intelligence and anti-money laundering and counter-terrorism financing regulator. He will commence in November. Soros currently holds the position of deputy chief executive regulation ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... countries, $1.7 million to the Asian Development Bank to improve regional compliance with anti-money laundering and counter-terrorism financing requirements, and $1.7 million for the Attorney-General's department to bolster criminal justice and law enforcement ...
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