The Australian Transaction and Reports Analysis Centre published guidance regarding reforms to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 that came into effect from June 17, 2021.
The government of Australia published the “Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2021 (No. 1)”, which amends requirements for correspondent banking, verification of identity, reliance on third parties, and casino compliance requirements.
Malta ran AML advertising campaign, Moneyval criticized Vatican, and more, in the weekly roundup.
Hamas moved cryptocurrency donations through Binance, UAB Finolita Unio loses Lithuanian license over Wirecard ties, and more, in the midweek roundup.
The Australian Transaction Reports and Analysis Centre issued a remedial direction to the Sydney, Australia-based mutual bank that requires it to improve compliance with the Anti‐Money Laundering and Counter‐Terrorism Financing Act 2006.
The Victorian Commission for Gambling and Liquor Regulation fined Crown Melbourne Ltd (Crown) AUS$1 million for failure to comply with junket operations requirements, including procedures and controls designed to identify, mitigate and manage money laundering risks.
|Compliant : 17||High : 1|
|Largely Compliant : 9||Substantial : 4|
|Partially Compliant : 9||Moderate : 6|
|Non-Compliant : 5||Low : 0|
Australia's technical compliance was re-rated in a Nov. 8, 2018 follow-up report
|Rank : 124/141|
|Score : 3.84/10|
|Rank : 11/180|
|Score : 77/100|
|Rank : 48/133|
|Score : 50/100|