AUSTRAC Compliance Report is due and here's what you should do.
AUSTRAC Compliance Report
The compliance report is a report you submit to AUSTRAC each year that includes questions about how you have met your anti-money laundering and counter-terrorism financing (AML/CTF) obligations.
The compliance report is a requirement under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).
Information you provide in this report is critical to help us to detect and disrupt money laundering and other serious crimes.
AUSTRAC will close the portal to submit compliance reports following the 31 March deadline and penalties can apply if you fail to submit by 31 March. Submit your report via AUSTRAC Online today.
https://online.austrac.gov.au/ao/login.seam
If you have any questions, feel free to email us at info@custos.ltd.
Thriving in an increasingly complex environment
In the period between the Global Financial Crisis (2007-09) and the Hayne Banking Royal Commission (2018-19), perceptions of the financial services industry in general, and banks in particular, changed considerably. Until recently, the main measure of success for a major listed company centred on increasing dividends and share price appreciation.