With the end of the year in sight, we want to wish you a safe and happy summer break. The AUSTRAC Contact Centre is now closed and will re-open at 8:30 am AEDT on Thursday 2 January 2025. Thank you for your support in 2024. We look forward to working with you in the new year!
AUSTRAC
Law Enforcement
Haymarket, NSW 43,661 followers
Fighting financial crime together
About us
This is the official LinkedIn account for AUSTRAC, Australia's anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit. AUSTRAC works collaboratively with Australian industries and businesses in their compliance with anti-money laundering and counter-terrorism financing legislation. As Australia's financial intelligence unit, AUSTRAC contributes to investigative and law enforcement work to combat financial crime and prosecute criminals in Australia and overseas. We can help you with questions about: • what we do in AUSTRAC and how we work with our industry and partners • your anti-money laundering/counter-terrorism financing (AML/CTF) obligations We can’t help you with: • tax enquiries – contact the Australian Taxation Office (ATO) • complaints about financial service providers • making sure financial services providers meet their other legal obligations • complaints about scams. If you believe you have been scammed, contact Scamwatch or your local police. For online or email scams, contact the Australian Cybercrime Online Reporting Network. Please do NOT report crime or scams here. We encourage contributions to this page however any comments that are deemed inappropriate or in breach of LinkedIn's terms and conditions will be removed. Third party sites or profiles linked to this site are not controlled, maintained or endorsed by AUSTRAC. This is our only official LinkedIn page. If you receive an offer for support from another LinkedIn account that is impersonating us, we strongly encourage you not to engage with it. For more information about what we do, visit www.austrac.gov.au/about-us/what-we-do
- Website
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http://www.austrac.gov.au
External link for AUSTRAC
- Industry
- Law Enforcement
- Company size
- 501-1,000 employees
- Headquarters
- Haymarket, NSW
- Type
- Government Agency
- Founded
- 1989
Locations
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Primary
Get directions
PO Box K534
Haymarket, NSW 1240, AU
Employees at AUSTRAC
Updates
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🚨 Scam alert! A scammer has tried impersonating an AUSTRAC official, emailing members of the public and telling them AUSTRAC had sent some documents on their behalf to transfer funds. They also asked them for some business documents. AUSTRAC will never ask you to provide your business details through an online form outside of the AUSTRAC Online portal. More information: https://lnkd.in/g5PviHaA To report a scam, go to scamwatch.gov.au
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With Parliament passing legislation to amend the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, we’ve published the Future Law Compilation of the Act. This will help businesses and industry associations become familiar with, and understand the effects of, the amended legislation. Please note, this Future Law Compilation is NOT the current law and has no legal effect. Further changes may be made before the expected amendments take effect on 31 March and 1 July 2026. Read more: https://lnkd.in/g5YVDdSa
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Stay vigilant this festive season and protect yourself from scammers impersonating trusted organisations and officials in an attempt to steal your personal information. If a call seems suspicious, hang up and verify the number independently before sharing any details. Stay informed and protect yourself from 'Caller ID spoofing' with these essential tips from the National Cyber Security Coordinator. For further information on scams, please visit https://lnkd.in/giuk_ZTX.
This time of year many Australians continue to be the targets of criminal scammers. While the tactics used by scammers are constantly evolving we know they include impersonation of organisations, such as Government entities and officials. If a call seems suspicious, always hang up and call back on a number you have sourced independently. Never provide personal information to these callers if you haven’t verified they are legitimate. Check out these simple steps on how to protect yourself from ‘Caller ID spoofing’, one of the emerging scam tactics being used across Australia.
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AUSTRAC today commenced civil penalty proceedings in the Federal Court against Entain Group Pty Ltd (Entain) which operates online betting sites including Ladbrokes and Neds for alleged contraventions of Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. AUSTRAC CEO Brendan Thomas said the allegations include that there were systemic failures in Entain’s approach to its AML/CTF obligations. Read more: https://lnkd.in/g_2YidrS
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We’re seeking feedback on new AML/CTF Rules. The draft Rules and a consultation paper are open for submissions on our website until 14 February 2025. Businesses play a key role in fighting serious financial crimes like money laundering and terrorism financing. We encourage all of our current and future reporting entities, as well as their industry associations, to have a say. For details on how to submit your feedback: https://lnkd.in/giy9amix
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Today our CEO, Brendan Thomas, travelled to Papua New Guinea to officially hand over the TAIPAN IT system to the Bank of PNG’s Financial Analysis and Supervision Unit. TAIPAN, developed by AUSTRAC, will provide access to faster, more agile systems with enhanced analytical data capabilities to detect illicit financial flows and generate financial intelligence for the Pacific. Read more on how we support partners in this region to combat existing and emerging money laundering, terrorism financing threats: https://lnkd.in/gQN8GWP3
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Corruption fuels crime and threatens financial integrity. This International Anti-Corruption Day, we reaffirm our commitment to combating financial crime and protecting Australia’s economy. Together, we can build a fairer, safer future. #UnitedAgainstCorruption #IACD2024
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In the upcoming edition of InBrief, you will have the opportunity to: • learn more about the AML/CTF Amendment Bill that has been passed by Parliament • receive top tips for completing your 2024 compliance report • learn how our financial intelligence helped identify a money laundering syndicate • and learn much more! Subscribe now: https://lnkd.in/gdCWjBy2
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We are cracking down on cryptocurrency ATM providers who don’t comply with Australia’s anti-money laundering laws. These ATMs provide a quick and easy way to turn cash into cryptocurrency and this makes them a risk for criminal exploitation. Read more: https://lnkd.in/gBPQRE3N
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