Anti-Financial Crime & Financial Crime Compliance
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NEWS: Cyber-enabled fraud, child exploitation among the focus for AUSTRAC and ASEAN financial intelligence

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NEWS: Former billionaire Bill Hwang sentenced to 18 years in prison for massive US fraud

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NEWS: CEO of AllHere, promising education AI chatbot, charged with defrauding investors

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LATEST: AMLA General Board meets for the first time to prep for incoming chairperson

AUSTRAC and its ASEAN counterparts have wrapped up a gathering in Melbourne, agreeing to collaborate further in the fight against transnational crimes. 

The Financial Intelligence Consultative Group (FICG) is a group of Australasian and ASEAN financial intelligence units (FIU). Established by AUSTRAC and its Indonesian counterpart in 2016, it collaborates and shares actionable intelligence to support FIUs in the fight against crimes like money laundering and terrorism financing. Their work contributes to the safety and security of the financial systems in our region.

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NEWS: Former billionaire Bill Hwang sentenced to 18 years in prison for massive US fraud

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NEWS: CEO of AllHere, promising education AI chatbot, charged with defrauding investors

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LATEST: AMLA General Board meets for the first time to prep for incoming chairperson

Regulatory Watch News

  • NCA arrest man in Wolverhampton as part of operation to take down Europe-wide people smuggling gang

    National Crime Agency

    The National Crime Agency has participated in a major international operation targeting a Syrian organised crime group considered one of Europe's most significant people smuggling networks. The German-led investigation against the group, supported by the NCA and co-ordinated through Europol and Eurojust, has so-far seen at least 20 people arrested in a series of raids across the continent on Wednesday 20 November.

  • SFC issues restriction notices to four brokers to freeze client accounts linked to suspected account hacking and market manipulation

    Securities and Futures Commission

    The Securities and Futures Commission (SFC) has issued restriction notices to four brokers, prohibiting them from dealing with or processing certain assets held in their client accounts for suspected market manipulation or fraud involving unauthorised online trades placed through hacked accounts between 24 October and 6 November 2024

  • Victorian woman sentenced for defrauding the ATO of $452,000

    Australia Federal Police

    This is a joint media release between the Australian Federal Police and the Australian Taxation Office as part of the Serious Financial Crime Taskforce A Victorian woman was sentenced yesterday (20 November, 2024) to three years and six months’ imprisonment, with a non-parole period of 20 months, for defrauding the Australian Taxation Office (ATO) of $452,000 and attempting to swindle a further $245,000 across a 15-month period.

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