AUSTRAC has a page of the risk assessments they’ve issued for use by the public. They go all the way back to 2015, when AUSTRAC issued a strategic analysis of de-risking of remittance businesses.
Here’s 2021’s publications (the link to the full list is below):
- Foreign bank branches in Australia risk assessment
- Foreign subsidiary banks in Australia risk assessment
- Other domestic banks in Australia risk assessment
- Major banks in Australia risk assessment
- Australia’s non-bank lending and financing sector risk assessment
The first four were released on September 6th – a link to the notice from AUSTRAC is below.
And it’s not just financial services firms – in 2020, they issued one for junket tour operations, and in 2018, for “on-course bookmakers” (there’s a picture of horse racing on the cover page).
Link:
Categories: Anti-Money Laundering AUSTRAC Updates De-risking Risk Assessment
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