AUSTRAC stories
Binance has appointed fintech veteran Matt Poblocki as General Manager for Australia and New Zealand to drive growth in the region's digital asset market.
Fivecast has launched a groundbreaking AI-driven platform to bolster financial crime investigations, aiding institutions in meeting stringent AML compliance demands.
TechDay's 10 Minute IT Jams feature GBG's Carol Chris discussing digital identity verification technology and GBG's flagship solution.
The ASEAN-Australia Codeathon saw over 100 tech experts creatively counter cybercrime in just 32 hours, with Project Iceberg securing the top prize.
Australia's AML Tranche 2 starts July 2026, requiring firms to adopt advanced tech for compliance or risk fines of AUD $19,000 daily per breach.
FinTech Australia is urging the government to revamp R&D tax incentives as investment in early-stage fintechs declines, risking a two-speed sector.
The persistent ability of criminals to exploit legitimate structures to launder money has banks and others on the hunt for new tools and techniques to counter the threat.
Digital currency exchanges in Austalia must now register with AUSTRAC, and comply with the Anti-Money Laundering and Counter-Terrorism Financing Act.
