Displaying items by tag: CBG

GUEST OPINION: Australian businesses have been challenged with money laundering, fraud, and financial crime for years, and this threat landscape is continually evolving. In the last financial year alone, the Australian Payments Network reported there was AU$502 million worth of fraudulent transactions made. AUSTRAC continues to monitor banks, gaming companies and enterprises to ensure anti-money laundering (AML) regulations are followed and, where appropriate, accountability is taken for any breaches.