by Know Your Solutions | Aug 15, 2018 | Uncategorised
FIAC is the first formal financial intelligence analysis course available in the region. At the ASEAN-Australia Special Summit in March, Australia and ASEAN agreed to cooperate more closely to fight terrorism and counter violent extremism in the region. As a result,...
by Know Your Solutions | Jul 15, 2018 | Uncategorised
These amendments ensure that the requirements under the AML/CTF Rules are consistent with the Public Ancillary Fund Guidelines issued under the Taxation Administration Act 1953. A broker that sell shares as an agent of a Public Ancillary Fund (“PuAF”) is a Reporting...
by Know Your Solutions | Jun 15, 2018 | Uncategorised
The event was attended by about 120 representatives from across the financial and gaming sectors, industry groups and anti-money laundering (“AML”) service providers. It featured presentations from a number of RegTech providers on innovative approaches to embed...
by Know Your Solutions | Jun 15, 2018 | Uncategorised
AUSTRAC’s enforcement action against CBA followed exhaustive investigations into CBA’s AML/CTF compliance and risk management practices, particularly in relation to its Intelligent Deposit Machines (“IDMs”). These investigations, undertaken in partnership with the...
by Know Your Solutions | May 15, 2018 | Uncategorised
The current industry contribution levy arrangements were introduced in the May 2014 Federal Budget and commenced from the 2014-15 financial year. The industry contribution is a levy on reporting entities to recover the costs of AUSTRAC’s regulatory and financial...
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