AUSTRAC issues 16 businesses with infringement notices for failing to comply with reporting requirements

News Anti-money laundering Sanctions & Fines

Date: 27th Nov, 2024 Source: Australian Transaction Reports and Analysis Centre (AUSTRAC) Country: Australia Original Source

Brief

On 27/11/2024, the Australian Transaction Reports and Analysis Centre (AUSTRAC) issued an update regarding AUSTRAC issues 16 businesses with infringement notices for failing to comply with reporting requirements. The notices were issued due to the businesses' failure to submit their 2023 annual compliance reports, resulting in fines ranging from $3,765 to $18,780.

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Australian Transaction Reports and Analysis Centre (AUSTRAC)

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AUSTRAC issues 16 businesses with infringement notices for failing to comply with reporting requirements

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AUSTRAC issues 16 businesses with infringement notices for failing to comply with reporting requirements

Brief

Australian Transaction Reports and Analysis Centre (AUSTRAC)

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