AUSTRAC finalises Enforceable Undertaking with NAB

News Anti-money laundering Sanctions & Fines

Date: 25th Jul, 2025 Source: Australian Transaction Reports and Analysis Centre (AUSTRAC) Country: Australia Original Source

Brief

On 25/07/2025, the Australian Transaction Reports and Analysis Centre (AUSTRAC) issued an update regarding "AUSTRAC finalises Enforceable Undertaking with NAB". AUSTRAC has finalised the Enforceable Undertaking with National Australia Bank (NAB) after the bank satisfied its obligations under the agreement. The EU aimed to address concerns regarding NAB's customer identification procedures, ongoing customer due diligence, and AML/CTF program compliance.

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Australian Transaction Reports and Analysis Centre (AUSTRAC)

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AUSTRAC finalises Enforceable Undertaking with NAB

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AUSTRAC finalises Enforceable Undertaking with NAB

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Australian Transaction Reports and Analysis Centre (AUSTRAC)

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