Money laundering watchdog orders audit of PayPal
Australia’s money laundering watchdog, AUSTRAC, has ordered the appointment of an external auditor to scrutinise PayPal’s compliance with financial crime laws.
Australia’s money laundering watchdog, AUSTRAC, has ordered the appointment of an external auditor to scrutinise PayPal’s compliance with financial crime laws.
A Sydney couple allegedly used cryptocurrency to help launder the proceeds of credit card fraud.
The Commonwealth Bank of Australia and the anti-money-laundering watchdog, the Australian Transaction Reports and Analysis Centre (AUSTRAC), have resolved civil proceedings launched in August last year.
The Commonwealth Bank has earmarked $375 million to pay for penalties arising from legal action launched against it by AUSTRAC, Australia’s anti-money-laundering watchdog.
AUSTRAC — the Australian government agency tasked with combating money laundering and terrorism financing — is seeking new and innovative ideas to aid its work through a 32-hour hackathon. The first ASEAN-Australia Codeathon will be held in Sydney from 14 to 16 March.