Austrac finalises its new funding model

Austrac has finalised its controversial new funding model, which will see industry take over the burden of funding all of the anti-money laundering regulator's activities. read more

Banks making progress in dealing with hardship

The financial services industry's treatment of customers with long-term hardship issues is improving, with progress over the past year on several initiatives aimed at reducing the burden on vulnerable.. read more

Once a PEP always a PEP

Politically exposed persons, who are treated as high-risk customers under anti-money laundering and counter-terrorism financing law, may continue to pose a high risk even after they cease holding a pu.. read more