The Australian Transaction Reports and Analysis Centre, during the month of March, launched a national campaign to educate clubs and pubs on anti-money laundering controls in order to enhance compliance with the jurisdiction’s regulations.
The Australian Transaction Reports and Analysis Centre called attention to its creation of an intelligence team that monitors and processes financial reporting related to Russia, including suspicious matter reports and international funds transfer reports.
Austrian bank’s legal appeal rejected, former Privatbank manager fined for AML violations, and more, in the weekly roundup.
EU officials target Russia’s gold purchases, Vancouver lawyer suspended for AML failures, and more, in the midweek roundup.
The Australian Transaction Reports and Analysis Centre accepted an enforceable undertaking and remedial action plan submitted by the Melbourne, Australia-based bank after the regulator identified weaknesses in the institution’s anti-money laundering and counterterrorist financing controls.
The Australian Transaction Reports and Analysis Centre ordered the Melbourne-based financial company to appoint an external auditor to assess the anti-money laundering and counterterrorist financing compliance of three of its financial institutions.
|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 : 13/110|
|Score : 3.75/10|
|Rank : 11/180|
|Score : 77/100|
|Rank : 48/133|
|Score : 50/100|