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:

AUSTRAC Risk Assessments page

AUSTRAC Notice

Categories: Anti-Money Laundering AUSTRAC Updates De-risking Risk Assessment

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