The government of Australia released a ransomware action plan that includes mandatory reporting of cyber incidents by businesses and harsher penalties again ransomware gangs.
The Victoria Police announced that five individuals were arrested as part of a significant joint agency investigation into an organized crime group with ties to one of Australia’s largest money laundering operations.
Indian cryptocurrency exchanges tighten monitoring, Germany’s new financial supervisor pledges tougher approach, and more, in the weekly roundup.
U.S. prosecutor pledges more ransomware seizures, China dismantles cryptocurrency laundering ring, 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|