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The article examines the obligations of companies and businesses when lodging suspicious matter reports with AUSTRAC.

Similar to past AUSTRAC risk assessments, this report has a broad application to the whole financial services industry.

It's a timely moment to reflect on their journey through Australia's bureaucracy, courts and consciousness so far.

Following the introduction of the Autonomous Sanctions Amendment (Magnitsky-style and Other Thematic Sanctions) Regulations 2021 (the Magnitsky-style Regulations)...

Entering or remaining in a declared area is a Commonwealth offence, which carries a maximum penalty of 10 years in prison.

The independence of the judiciary from the political arm of government is a fundamental principle of Western democracy.

On 19 September 2008, AUSTRAC released a reporting implementation policy to assist reporting entities with new reporting obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

The proposed reforms may resolve some current gaps and political concerns, but could make the rules even more complex.

If you have any financial or commercial dealings with Russia, you need to be aware of the legal risks & limitations that apply.

Over the past year, AUSTRAC has been busy on several fronts (making good use of its largest budget and staffing numbers to date). Key areas of focus have included...

The government considers secure access to critical minerals an issue of national interest and national security concern.

Sensitive data is proposed as a key consideration in the government's focus on sensitive national security businesses.

The Australian Government has committed to reforming Australia's AML/CTF regime, with proposed reforms aimed to strengthen and modernise the framework.

AUSTRAC has released its Regulatory Priorities for 2025-26.

When the Treaty comes into force, it will be the first international legal instrument to make nuclear weapons illegal.

Contravening this control order is a federal offence, which carries a maximum penalty of five years in prison.

The 2020-21 budget demonstrates a clear commitment from the government to defence against foreign and domestic threats.