Index (30 June 2008) Australian Transaction Reports and Analysis Centre; ; Australian Transaction Reports and Analysis Centre

User activity

Share to:
Authors
Australian Transaction Reports and Analysis Centre ; ; Australian Transaction Reports and Analysis Centre
Appears In
Annual report
Subjects
Australian Transaction Reports and Analysis Centre--Periodicals.; Tax evasion--Australia--Periodicals.; Money--Australia--Periodicals.
Summary
INDEX A Abacus - Australian Mutuals, 26.49 Aboriginal and Torres Strait Islander people (ATSI), 118,179 ACT Revenue Office, 67,173 Adelaide office (AUSTRAC), 200 advertising and market research, 104 agency overview, 10, 12 15 agency resource statements, 13, 180 agreements see memorandums of understanding AML see AML/CTF headings: anti-money laundering; international AML/CTF efforts AML/CTF Act. 12, 17, 30.31.35 action against contraventions, 47 amendments, 34, 35,48,60 AML/CTF Rules. 53 civil penalties for breach, 46 criminal sanctions, 46 designated agencies, 173 enforcement actions for breaches, 46-7 enforcement powers of AUSTRAC, 46 exemptions and modifications, 51 inclusion of trading of carbon units. 21 industry sectors regulated by, 36-8 information-gathering powers, 42 non-compliance, 24,46 non-designated agencies, 68 obligations of reporting entities, 23.24, 25, 28, 35, 41,68,71 remitter regulation powers, 35.42 secrecy and access, 50 AML/CTF compliance reports exempt reporting entities, 43 lodgement rates, 43 submission, 41,43-4 submission target. 23 AML/CTF Conference industry engagement and education, 27 in Sydney 2011,8 AML/CTF Conference Steering Committee, 174 AML/CTF efforts, contribution to international see international AML/CTF efforts AML/CTF guidance notes, 20,50 AML/CTF obligations see supervision/enforcement of AML/CTF obligations AML/C IF policy development/implementa:ion see policy development and implementation AML/CTF reform. 12,48 AML/CTF Regulations, counter measures, 26 AML/CTF Rules. 19.50 amendments, 33,48 development, 20,48. 53 Draft Rules, 34 exempt reporting entities, 43 information circulars. 20 mandatory enrolment of reporting entities. 34 publication of draft Rules, 53 registered Rules, 20, 53 AML/CTF standards (international), 7,48, 55, 84 recommended revisions, 49 annual report enquiries, 200 annual report requirements, index.l86-88 anti-money laundering case study development, 79 national threat assessment, 78.79 risk assessment of industry sectors, 40 strategic research and analysis, 78-9 Trade-based Money Laundering Working Group, 174 typology development. 79 see also AML/CTF headings Ami-Money Laundering and Counter-Terrorism Financing Act 2006 see AML/CTF Act Anti Money Laundering and Counter-Terrorism Financing Amendment Regulations 2011 (No. I),48 Anti-Money Laundering International Working group, 174 Anti-Money Laundering Legislation and Policy (AMLLAP) forum, 48, 1 74 Asia/Pacific Group on Money Laundering, 9,85 ASLO network, 62-3 assessment programs behavioural assessments, 36,41,42 desk reviews, 42 on-site assessments. 41,42 asset management, 105 Association of Superannuation Funds of Australia (ASFA), 26 Attorney-General’s Department, 78 advice to, 21,48 AML/CTF conference, 27 consultation with, 48-50,53 establishment of AUSTRAC, 12 Indigenous Statement of Commitment, 118 Portfolio Indigenous Network Committee, 1 74 working with, 25,48-50,84 Audit Committee, 114 AusAID Government Partnership Fund, 88 Public Sector Linkages Program, 84,89,90,91,92 11 i -i ?' ?u 1 . Index AusTender 103,104, 105 AUSTRAC financia intelligence unit role. 12 functions, 6.12 internal committees, 14 long-term strategic objectives, 110,112 management and organisation structure, 14-15 outcome statement, 13 outcome-program structure, 12-14 program and components, 13 purpose, 6,12 regulatory role, 12,17 reporting structure, B-14 strategic direction. 12 vision, 12 AUSTRAC Business Strategy 2010-2013,112 AUSTRAC case studies see case studies AUSTRAC CEO see Chief Executive Officer (CEO) AUSTRAC committees. 112-13 AUSTRAC contact details, 200 AUSTRAC database availability, 56 partner access statistics, 60-2 partner agency access, 60-2 use by partner agencies, 56 AUSTRAC deliverables see deliverables AUSTRAC e-news, 28 AUSTRAC enforcement strategy 2011-12,46 AUSTRAC Executive Committee (ExCom), 14 AUSTRAC Help Desk, 119 AUST RAC information access to, 60-2, 76 ASLO network, 62-3 circulars, 50 data matching, 76 intelligence report dissemination. 66-8 internat onal exchange, 80-2 online access statistics, 60-2 partner agency access, 60-2 promotion and dissemination, 60-80 significant results, 8 value of, 58 AUSTRAC intelligence strategy 2010-12, 55,66 AUSTRAC Online, 29 AUSTRAC Procurement Manual, 105 AUSTRAC Regional Intelligence Meetings, 174 AUSTRAC Relationship Management System (ARMS), 40,106 AUSTRAC senior liaison officers (ASLOs), 62-3 AUSTRAC survey series, 28 AUSTRAC typologies and case studies report 2011,11, 79, 107 AUS1RAC typologies and case studies report 2012, 79 Australasian Casino Association, 49 Australasian Gambling Regulatory Eorum, 27,49 Australia Day Achievement Medallions, 97 Australian Accounting Standards, 102 Australian Bankers Association. 28.49 Australian Bookmakers Association, 49 Australian Commission for Law Enforcement Integrity (ACLEI), 67. 70, 116, 173 Australian Competition and Consumer Commission (ACCC), 67, 70, 173 Australian Crime Commission AML/CTF Conference, 27 AUSTRAC participation in taskforces and committees, 64.65.174 AUSTRAC representation, 63 Criminal Intelligence Fusion Centre, 9,64 data matching, 77 as designated agency, 173 Financial Intelligence Assessment Team. 64.67, 174 intelligence reports to, 67 Joint Agency Intelligence Workshop, 78 as key partner, 66 meetings with, 49,65 national threat assessment, 78, 79 SUSTRs/SMRs. 70 Taskforce Galilee, 107,174 Australian Customs and Border Protection Service AUSTRAC representation, 63.174 Border Management Group, 174 CBM-BNI reports, 31 CBM-PC reports, 31 cross border reporting, 31,47 data matching, 77 as designated agency, 173 intelligence reports to, 67 Joint Agency Intelligence Workshop, 78 as key partner, 66 meetings with, 65 National Threat Assessment on Money Laundering (NTA), 78, 79 SUSTRs/SRS to, 70 Australian Federal Police (AFP) AML/CTF Conference, 27 AUSTRAC representation, 63 collaboration with, 49,84 data matching. 77 as designated agency, 173 Financial Enquiries Awareness Program, 63 intelligence reports to, 67 Interim Criminal Assets Confiscation Task Force, 64 Joint Agency Intelligence Workshop, 78 as key partner, 66 Money Laundering Investigations Program, 63,64 National Threat Assessment on Money Laundering (NTA). 78, 79 reports forwarded to AUSTRAC, 31 support for African FlUs, 92 SUSTRs/SRS to, 70 Terrorism Financial Intelligence Unit, 64 Australian Financial Institution Auditors Association, 29th Annual Conference, 26 Australian Financial Markets Association (AFMA), 49,83 Australian Government Interdepartmental Committee on the Organisation for Economic Co-operation and Development Bribery Convention, 174 Australian Government Interdepartmental Committee on United Nations Sanctions, 174 Australian Government Leadership Network (AGLN), 174 Australian Government Security Vetting Agency, 96 Australian Government Superannuation Regulators Forum, 174 Australian Hotels Association. 49 Australian Institute of Criminology (AIC). AML/CTF Research Program, 78 Australian National Audit Office Access Clauses, 103 Australian Prudential Regulation Authority (APRA) AUSTRAC-APRA Coordination Committee. 174 as designated agency, 173 intelligence reports to, 67 meetings with, 40.83 SUSTRs/SMRs to. 70 Australian Public Service Commission Code of Conduct, 99 disability reporting, 118 Australian Public Service Indigenous graduate program, 97.99 Australian Secret Intelligence Service (ASIS), 173 Australian Securities and Investments Commission (ASIC) AUSTRAC collaboration with. 174 AUSTRAC representation. 63 AUSTRAC-ASIC Coordination Committee, 174 as designated agency, 173 intelligence reports to, 67 meetings with, 40,83 SUSTRs/SMRs to. 70 Australian Security Intelligence Organisation (ASIO) AUSTRAC representation, 63 as designated agency. 173 intelligence reports to. 67 key partner, 66 meetings with, 65 SUSTRs/SMRs to. 70 Australian Sports Anti-Doping Authority, 68 Australian Taxation Office (ATO), 49 access to AUSTRAC information, 67.63 data matching, 77 Financial Services Industry Partnership, 174 intelligence reports to, 67 Joint Agency Intelligence (JAI) Workshop, 78 as key partner, 66 meetings with, 65 National Threat Assessment on Money Laundering, 78. 79 as partner agency, 173 use of AUSTRAC information. 8, 58 Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Act 2011,44 Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy (Collection) Act 2017.44 Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy (Consequential Amendments) Act 2011,34,44 Autonomous Sanctions Act 2011,48 Autonomous Sanctions Regulations 2011,49 B Bank Indonesia, 89 banks and other lenders AML/CTF characteristics, 37 AUSTRAC’s education and awareness activities, 26 as industry sector, 37 supervisory strategy, 37 Basel Committee on Banking Supervision, 40.86 bearer negotiable instruments (BNI) reporting, 31 reporting volumes, 33 behavioural reviews, compliance, 36,41,42 BNI see bearer negotiable instruments (BNI) border security activities, 64 Brisbane office (AUSTRAC), 200 Building and Facilities Services unit, 105 bullion dealers, 12. 27, 38 business continuity planning, 115 Business Names Registration Bill 2011,116 c Canberra office (AUSTRAC), 200 Carbon Credits (Consequential Amendments) Act 2011,21 carbon pricing mechanism, regulation of, 40,64,174 case studies advance fee scam, 47 development of, 8, 79 fake credit cards, 52 money laundering at casino, 87 money laundering and false information to AUSTRAC, 93 smuggling native animals, 65 suspicious overseas transfers and drug importation, 71 theft and money laundering, 69 cash dealers, 12,30 cash transactions reporting requirements, 7-8 see also significant cash transactions reports (SCTRs) casinos, 27, 38,87 CBM see cross border movement headings Centrelink and AU5TRAC information. 8, 58,61,62, 76 intelligence reports to, 67 SUSTRs/SMRs to, 70 cheques, 30, 31, 73 Chief Executive Officer (CEO) advice to, 14, 112 employment conditions, 177 fraud control, 115 powers, 35,46, 51, 53 review, 6-9,10 Chief Finance Officer Forum, 174 Chief Information Officer Forum, 174 Child Support Program access to AUSTRAC information, 61,62 SUSTRs/SMRs to, 70 Clean Energy (Consequential Amendments) Act 2011.21 Clean Energy Regulator. 40 Clubs NSW, 49 Collective Agreement 2008-2011 (AUSTRAC), 98 Combating Corruption and Anti Money Laundering Program, 59,89 Combating the Financing of People Smuggling and Other Measures Act 20M, 6, 35, 39,46,60 Comcover, Benchmarking Risk Management Program. 114 committees convened by AUSTRAC. 174 internal AUSTRAC, 14,112-15 partner agencies, 64-5 participation by AUSTRAC, 174-5 substantial role for AUSTRAC. 174 Commonwealth Disability Strategy, 118 Commonwealth Economic Crime Assessment Forum, 175 Commonwealth Fraud Control Guidelines, 115 Commonwealth Procurement Rules, 105 Commonwealth Protective Security Policy Framework, 96 community consultation, policy, 50 compliance assessment. 24,41-2 behavioural reviews. 41,42 civil penalties for non-compliance, 46 criminal sanctions for non-compliance. 46 desk reviews. 42 enforcing, 19, 24,46-7 industry monitoring, 23 on-site assessments, 37,42 promotion of, 19 supporting industry, 26-9 see also risk assessment compliance reports see AML/CTF compliance reports Compliance Risk Exposure Scoring Tool (CREST), 40 conduct, AUSTRAC staff, 99 confidential information see privacy consultancy contracts, 102-3,179 contact details (AUSTRAC). 200 contracts on AusTender, 103 over $100,000, 103-4 corporate communications, 13, 107, 200 corporate crime, 73 corporate governance, 112-13 corporate and security services human resource management, 97-101 information management, 96 protective security, 96 Corruption and Crime Commission (WA) as designated agency, 173 intelligence reports to, 67 SUSTRs/SMRs to, 70 cost recovery levy collection of, 44,45 public consultation, 45 for supervisory activities, 44-5 counter-terrorism financing (CTF) see AMIVCTF headings: international cooperation countermeasures, against Iran, 64 credit cards, fake, 52 credit history, adverse, 73 credit unions. 26,37 CRFST see Compliance Risk Exposure Scoring Tool (CREST) Crime and Misconduct Commission (QLD) as designated agency, 173 intelligence reports to, 67 SUSTRs/SMRs, 70 crime, organised see organised crime crime, proceeds of, 31,74.80 Criminal Intelligence Fusion Centre, 9,64 cross-border movement of bearer negotiable instrument (CBM-BNI) reports, 31, 33,47 cross-border movement of physical currency (CBM-PC) reports, 31,33,47 cross-border movement reporting enforcing obligations, 47 requirements. 31 Cross-Government Debt Collection Forum, 175 CTF see AMIVCTF headings; counter-terrorism financing; international AMIVCTF efforts customer due diligence. 49 customer relationship management system see AUSTRAC Relationship Management System (ARMS) Customs see Australian Customs and Border Protection Service D data matching, with partner agencies, 76 debt collection, Cross-Government Debt Collection Forum, 175 Defence Imagery and Geospatial Organisation, 60, 67,173 Defence Intelligence Organisation, 60,173 Defence Signals Directorate, 60,173 deliverables, 13 as AML/CTF regulator, 18-21 as financial intelligence unit, 56- 7 Department of Agriculture, Fisheries and Forestry, 68 Department of Climate Change and Energy Efficiency, 68 Department of Education, Employment and Workplace Relations, 68 Department of Foreign Affairs and Trade (DFAT) access to AUSTRAC information, 61,62 collaboration with, 84 consultation with, 48,49 countermeasures against Iran, 64 as designated agency, 60,173 intelligence disseminations to, 67 Department of Human Services access to AUSTRAC informational, 62 AUSTRAC representation. 63 data matching, 77 as designated agency, 173 intelligence reports to. 67 SUSTRs/SMRs. 70 use of AUSTRAC information, 8,58, 76 Department of Immigration and Citizenship access to AU5TRAC information, 61,62 as designated agency, 173 intelligence disseminations to, 67 Joint Agency Intelligence (JAI) Workshop, 78 Passenger Card Steering Committee. 175 SUSTRs/SMRs to, 70 Department of Sustainability, Environment, Water, Populations and Communities, 68 Department of Treasury, Foreign Investment and Trade Policy Division, 173 designated agencies. 60,68,173 see also partner agencies desk review assessments, 42 disability reporting, 118 domestic partners see partner agencies domestic stakeholders, collaboration with, 84 doping practices, 68 drug importation, 71 E e-learning courses, 28 EAC program, 78 Eastern and Southern Africa Anti-Money Laundering Group (ESA AM LG), 85 ecologically sustainable development, 119 education and awareness activities deliverables, 18 e-learning courses, 28 industry-specific activities, 26-7 see also AUSTRAC Online education and training support, for partner agencies, 63-4 Egmont Group of Financial Intelligence Units, 9,86 Electronic Document and Records Management System (AUSTRAC), 96 electronic newsletters, 28 Emergency Warden arrangements, 100 Employee Assistance Program, 98 employees see staff enabling and support functions advertising and market research. 104 asset and property management, 105 corporate communications, 107 financial management, 102-4 government relations. 107 human resource management, 97-101 ICT Services multi-use list, 104 information management, 96 legal services, 108-9 protective security. 96 purchasing, 105 enforcement, of AML/CTF obligations see supervision/ enforcement of AML/CTF obligations Enforcement Committee, 46, 113 enforcement powers, 46 Enhanced Analytical Capability (EAC) program, 9,78,106 Enhancing Capacity to Regulate the Indonesian Alternative Remittance Sector Program. 59.86 Enterprise Agreement 2012 2014 (AUSTRAC), 97,98. 99. 179 Fnvtronment Protection and Biodiversity Conservation Act 1999, 119 environmental legislation breaches. 68 equal employment opportunities. 118, 179 equipment see property management ethics, AUSTRAC staff, 99 European Union Transnational Crime and Criminal Justice Project, 83 Executive Committee (ExCom), 14,112 F feedback from partner agencies, 76 Finance Committee. 113 Finance Industry Consultative Forum, 26,49,174 Financial Action Task Force (FATF) adoption of revised AML/CTF recommendations, 7,40,49 AML/CTF regime effectiveness assessment, 25 collaboration with. 9,25,48 countermeasures against Iran. 25,48.49 identification of jurisdictions with strategic deficiencies in AML/CTF regimes, 50 implementation of recommendations. 84 improving global AML/CTF compliance, 50 information circulars, 50 international meetings, 79.84 review of AML7CTF standards, 84 Risk and Threat Assessment Group, 85 Working Group on Typologies. 84 Financial Claims Scheme, 40 Financial Enquiries Awareness Program, 63 financial intelligence unit (FIU) (AUSTRAC) EAC program, 78 enhancing effectiveness, 78 intelligence systems, 78 overseas capacity building, 88-93 overview, 55 role. 12 see also performance reporting: FIU financial intelligence units (FlUs) in Africa, 92 in Asia, 88-91 capacity development, 9, 59,88-93 Egmont Group, 86 exchange instruments. 80-1 global network, 80-3 information exchange, 80 international intelligence exchanges, 82 in Pacific, 92 financial intelligence units (FlUs) (AUSTRAC), hosting of foreign delegations, 9 financial management analysis of financial performance, 102 consultancy arrangements, 102-3 events occurring after balance date, 102 financial performance, 102 Financial Management and Accountability Act 1997 (FMAAct), 10,12,102,105.114,115 financial performance, analysis of. 102 financial services intermediaries survey report, 28 see also non-bank financial services Financial Services Industry Partnership, 49.174 Financial sen/ices intermediaries (survey report), 28 Financial Stability Board peer review, 40 financial statements (AUSTRAC), 120-72 financial transaction reporting performance, 30-4 results. 31-3 Financial Transaction Reports Act 1988 (FTR Act), 17,30, 31,36 Finsia (Financial Services Institute of Australasia), 26 first aid arrangements, 100 FMA Act see Financial Management and Accountability Act 1997 foreign bark branches and subsidiaries, 26, 37 foreign intelligence units see international cooperation Foreign Investment and Trade Policy Division (Department of Treasury), 173 fraud case study, 71 fake credit cards. 52 intelligence reports Commonwealth agencies, 68 Nigerian advance fee scam case study, 47 offence types, 72-3 SMRs, 75 fraud control (AUSTRAC), 116 Freedom of Information Act 1982,10,117 freedom of information (FOI), 200 Information Publication Scheme (IPS), 117 requests, 117 section 8 of FOI Act, 117 FTR Act see Financial Transaction Reports Act 1988 G gambling, and money laundering, 87 gambling and bullion dealers AML/CTF characteristics. 38 AUSTRAC education and awareness activities, 27 as industry sector, 38 supervisory strategy, 38 Gambling Consultative Forum, 27 Gambling Industry Consultative Forum, 49, 174 government, policy consultation, 50 guidance notes, 20,50 H Heads of Commonwealth Operational Law Enforcement Agencies (HOCOLEA) Identity Crime Response Plan Implementation Team. 174 Research Network Steering Group, 174 Working Group on Carbon Pricing, 40,64,174 health and safety arrangements. 100 Health and Safety Committee. 100 Help Desk (AUSTRAC) contact details, 200 enquiries. 200 performance against service standards, 29 supporting industry compliance, 29 human resource management ethics and conduct, 99 performance management and job evaluation, 100 training and development, 99 work health and safety. 100-1 workforce planning, recruitment and retention. 97-8 see also staff / identity crime, Opal Group, 175 Identity Management Standards working group, 175 identity verification, guidance note, 50 IFTIs see international funds transfers instructions (IFTIs) illegal exports, 68 illicit drug importation, 71 Independent Commission Against Corruption (NSW), 67, 70,173 index to annual report requirements, 186-88 individual flexibility arrangements (IFAs), 98 individual intelligence reports, 66 Indonesia Counter-Terrorism Cooperation Fund, 89 Indonesian FIU/AUSTRAC Partnership Program, 88 industry assessment activities, 42 industry associations, 37,49 industry compliance assessment, 41-2 AUSTRAC suppport, 29 customer knowledge, 41 registration, 41 reports to AUSTRAC, 41 risk assessment, 41 risk management, 41 Industry Consultative Forums, 174 industry engagement and education AUSTRAC AML/CTF conference, 27 AUSTRAC online communications, 28 AUSTRAC survey series, 28 AUSTRAC website, 28 banks and other lenders, 26 customer due diligence, 49 e-learning courses, 28 gambling and bullion dealers, 28 money service businesses, 28 non-bank financial service, 26 performance, 26-9 supporting industry compliance, 29 industry guidance notes, 50 industry sectors monitoring for compliance, 23 regulated by AUSTRAC, 37-9 risk rating, 19 supervisory activities, 36 information circulars. 50 Information and Communication Technology (ICT) Strategic Workforce Plan 2010-7013,97 information and communications technology services, multi-use list, 104 information management. 96 Information Management Policy Group,' 75 Information Publication Scheme (IPS), 117 information security, 106 information technology, see also AUSTRAC database: AUSTRAC Online: e-leaming courses; website (AUSTRAC) Information Technology Oversight Committee, 14,113 information technology systems, 106 information-gathering powers (AUSTRAC), 42 Inspector-General of Intelligence and Security. 173 intelligence deliverables. 56-7 dissemination, 56 promotion and dissemination, 60-80 intelligence exchanges, 58 Intelligence Oversight Committee, 65,113 intelligence reports disseminations, 66-8 individual, 66 to Commonwealth agencies, 68 to partner agencies, 67 intelligence research and analysis case studies and typology development, 79 cross agency strategic priorities. 78 National Threat Assessment on Money Laundering, 78-9 Interdepaitmental Committee on Remittance, 175 internal audit, 113-14 international AML/CTF efforts, contribution to AML regulator network, 80-3 developing capacity of overseas FlUs, 88-93 exchange instruments, 80 FIU global network, 80-3 information exchange, 80 memorandums of understanding, 81 organisation participation, 84-7 International Association of Insurance Assessors principles on insurance, 86 international cooperation, AMIVCTF information exchanges. 82 International Counter-Terrorism Coordination Group, 174 international currency transfer reports (ICTRs), 33 international funds transfers instruction reports (IFTIs), 30 reporting volumes, 7, 32 requirements, 30 international groups, AU5TRAC participation, 175 International Monetary Fund (IMF), Financial Sector Assessment Program. 86 international partners, new agreements, 9 international relationships, strengthening. 57.83 international study visit progiams, 83 international technical assistance and training, 59 investment fraud, 9.174 Iran, countermeasures applied to, 48,49,50 J Jakarta Centre for Law Enforcement Cooperation (JCLEC), 59,83,88 job evaluation, 100 K key performance indicators, 13 AML7CTF regulator, 22-5 financial intelligence unit FIU, 58-9 KPMG Financial Crime forum, 26 L law enforcement agencies, 58,61,62,80.88 law enforcement operations, contributions to, 8 legal services expenditure, 109 privacy, 109 role, 108 legislative environment and policy, 21.48-50 liaison officers (AUSTRAC), 62-3 Libya, sanctions against, 20,50,64 M Major Reporters Forum, 26 Major Reporters unit, 36 Managed e-Learning System (MeLS), 99 management and accountability business continuity planning, ! 15 committees, 112-13 corporate governance, 112 disability reporting, 118 ecologically sustainable development, 119 external scrutiny, 116 fraud control, 115 freedom of information, 117 internal audit, 113-14 risk management, 114 service charter, 119 workplace diversity, 118 management structure, 14-15 market research, 105 media enquiries, 200 media releases, 50 Melbourne office (AUSTRAC), 200 memorandums of understanding international, 80-1 with partner agencies. 60 Metadata Standards Working Group. 175 Minister for Home Affairs and Justice, 12,27,107,116 money laundering case studies, 69,87,93 see also anti-money laundering Money Laundering in Australia 2011 (report), 8, 107 Money Laundering Investigations Program, 63 money remittance services, see also remittance service providers money service businesses AML/CTF characteristics, 39 AUSTRAC education and awareness activities, 26 as industry sector, 39 supervisory strategy, 39 money transfer businesses see remittance service providers motor vehicle dealers, reports submitted, 36 N National Disability Strategy, 118 National Relay Service, 200 National Threat Assessment (NTA) on Money Laundering 201 l,S, 78-9,85 New South Wales Crime Commission AUSTRAC representation, 63 as designated agency, 173 intelligence reports to, 67 meetings with. 65 national threat assessment on money laundering, 78 SUSTRs/SMRs, 70 New South Wales Independent Liquor and Gaming Authority, 40 New South Wales Office of State Revenue, 173 New South Wales Police, 63,67,70, 173 Nigerian advance fee scam, case study, 47 no-action letters, 51 non-bank financial services AMIVCTF characteristics, 38 AUSTRAC s education and awareness activities, 26 as industry sector, 38 supervisory strategy, 38 non-compliance see compliance; industry compliance Northern Territory Police, 67, 70,173 O objectives of AUSTRAC, 6.12 obligations, AML/CTF see supervision and enforcement of AML/CTF obligations occupational health and safety see work health and safety Occupational Health and Safety Act 1991 (OH&S Act), 101 Office of Legal Services Coordination Legal Services Discussion Group, 108, 175 reporting requirements, 109 Office of National Assessments, 60, 173 Office of the Privacy Commissioner, 49,109 Office of the Registrar of Indigenous Corporations, 68 on-site assessments, compliance, 42 Opal Group, 175 Organisation for Economic Cooperation and Development (OECD), Anti-Bribery Convention, 86 organisational structure, 14-15 organised crime AUSTRAC funding to tackle, 77 AUSTRAC stance towards, 12 Senior Officer Group on Organised Crime, 174 outcomes expenses and resources, 181 statement, 13 overseas cooperation see international cooperation p Pacific Region FIU Capacity Building Program, 59,92 Pakistan Capacity Building Program, 59,90 Pakistan-Australia Joint Working Group on Border Management and Transnational Crime, 175 parliamentary inquiries, AUSTRAC participation and submissions, 116 partner agencies AUSTRAC representation. 63 Australian Government agencies listing, 173 collaboration with, 8 9 committees, 64-5 data matching, 76 designated agencies listing, 173 education and training support, 63-4 effective relationships with. 60-5 feedback from, 64, 76 information-sharing arrangements, 60-2 intelligence reports to, 8, 8 9.66-8 international agreements, 9 investigations, contributions to, 66 joint agency meetings, 64-5 memorandums of understanding with, 60 new agencies, 9,60 operational committees and forums, 175 quarterly newsletter, 64 state and territory agencies listing, 173 suspect reports analysis, 71 5 suspect transaction reports, 69-70 suspicious matter reports, 69-70 taskforces, 64-5 TES training, 63 use of AUSTRAC database and information, 56 see also designated agencies PC see physical currency people smuggling financing, risk assessment of industry sectors. 39 performance management, AUSTRAC staff, 100 performance measures AML/CTF regulation, 18-21,22-5 financial intelligence unit, 58-9 performance reporting: AML/CTF regulator deliverables, 18-21 policy development and implementation, 48-53 supervision and enforcement of AML/CTF obligations, 26-47 key performance indicators, 22-5 performance reporting: FIU deliverables, 56-7 international contribution, 80 -7 key performance indicator, 58-9 dissemination of information and intelligence research and analysis, 60-93 personnel see staff Perth office (AUSTRAC), 200 phishing fraud, 72 physical currency reporting volumes, 33 reports of cross-border movements, 31,47 police forces (state/territory), AUSTRAC representation, 63 Police Integrity Commission (NSW). 70.173 policy development and implementation assessment of effectiveness of AML/CTF regimes. 25 community consultation, 20,50 consultation with government, 25,48-59 consultations with industry, 49 cost recovery levy, 48-9 exemptions and modifications for industry, 51 guidance to industry, 50 information circulars, 50 legislative environment, 48-50 no-action letters, 51 performance. 25 regulatory environment, 48-50 Rule development, 53 Portfolio Budget Statements (PBS), 13, 18.22,56 Portfolio Legal Counsel Forum, 175 PPATK-AUSTRAC Partnership Program, 59.88,89 privacy, 50, 109 Privacy Act 1988, 109 Privacy Consultative Committee, 50,108,174 Procurement and Contracts Unit, 105 Procurement Manual, 105 Program 1.1, Component 1.1 1 see regulatory role (AUSTRAC) Program 1.1, Component 1 1.2 see financial intelligence unit (FIU) (AUSTRAC) Program Management Governance Committee, 113 Project Wickenby Case Forum, 174 CEO Forum, 174 CEO Meeting, 174 Communication and Media Consultative Group, 107,174 contributions to, 9,64 Cross Agency Advisory Committee and Case Forum, 174 Joint Strategic Intelligence Team, 174 Legal Risk Group, 108. 175 property management, 105 protective security, 96 Public Service Act 1999,98, 176,177 publications AUSTRAC typologies and case studies report 2011, 79 AUSTRAC typologies and case studies report 2012, 79 Financial services intermediaries (survey report), 28 Money Laundering in Australia 2011, 8 Superannuation fund trustees (survey report), 28 purchasing, 105 Pusat Pelapran dan Analisis Transaksi Keuangan (PPATK), 59,88.89 Q Quarantine Act 1908.68 Queensland Office of Liquor and Gaming Regulation, 27.49 Queensland Office of State Revenue, 67,173 Queensland Police Service, 63,67, 70, 173 Queensland State Revenue Office, 70 R reader's guide, 10 Reconciliation Action Plan, 118 Referrals unit, 36 Regional Intelligence Meetings, 174 Register of Providers of Designated Remittance Services, removal of providers, 46 regulated entities action taken against non-compliance by, 18 AML/CTF obligations, 43-4 banking sector, 37 compliance with reporting obligations, 23 cost recovery regime, 7,9, 34 desk review assessments, 42 enforcement actions, 47 gambling and bullion sector, 38 industry sectors, 37-9 mandatory enrolment, 6,9, 34-5 money services sector, 39 non-banking services sector, 38 supervisory levy, 6, 34 see also assessment programs; industry compliance; risk management regulatory environment and policy, contributions to. 48-50 regulatory information, international exchange, 80 regulatory policy, 20.25,48-50 regulatory tole (AUSTRAC) overview, 12,17 see also performance reporting: AML/CTF regulator remittance businesses registration of, 35 regulation, 35 remittance dealers see remittance service providers remittance sector Interdepartmental Committee on Remittance, 175 legislative changes, 46 reduction of non-compliance, 27 strengthening regulation of, 6 Remittance Sector Register, 35 remittance service providers affiliates, 35 mandatory enrolment, 46 registration, 46, 50 supervision of, 42 Remuneration Tribunal Act 19/3. 177 reporting entities applications for relief. 51 AUSTRAC engagement with, 36 compliance, 23 feedback from, 57 major reporters, 41-2 mandatory enrolment with AUSTRAC, 34 no-action letters. 51 population, 34-5 Reporting Entities Roll, 34 reporting results cross-border movements, 33 financial transaction reports, 31-3 reports, compliance see compliance reports reports concerning AUSTRAC, 175 reports to AUSTRAC, 31 cross-border movement of bearer negotiable instruments, 31,47 cross-border movement of physical currency, 31,47 improving quality of reporting, 34 and industry compliance, 41 international funds transfers instructions, 30, 32 suspicious matters, 30, 32,69 threshold transactions, 30,32 transition to AML/CTF Act transaction reporting. 33 Requirements for Annual Reports for Departments, Executive Agencies and FMA Act Bodies (DPMC), 10 resource statements, 13,180 revenue agencies, 8,12.58.61,62 see also Australian Taxation Office; partner agencies risk assessment across industry sectors, 40 industry compliance. 41 using CREST, 40 risk management, 38,40,41,114 risk-based approach, to AML/CTF, 40 Rule of Law in Africa Program, 59 Rules see AML/CTF Rules s SA Police, 63.67, 70, 77,173 SA Revenue Office, 173 sanctions against Iran, 64 against Syria, Libya and Zimbabwe, 20, 50,64 scams, Nigerian advance fee scam, 47 SCTRs see significant cash transactions reports; significant cash transactions reports (SCTRs) Senate Committee inquiries, AUSTRAC participation and submissions. 116 Senior Officer Group on Organised Crime, 174 Senior Procurement Officers Forum, 175 Service Charter (AUSTRAC), 29,119 service delivery, 119 significant cash transactions reports (SCTRs), reporting volume. 32 SMRs see suspicious matter reports (SMRs) smuggling, of native animals, 65 Social Inclusion Measurement and Reporting Strategy, 118 solicitors, reports submitted, 36 South Asia Program, 59 staff awards, 97-8 Collective Agreement 2008-2011,98 contracted staff, 179 Employee Assistance Program, 98 employee figures, 177-8 Enterprise Agreement 2012-2014,97, 98,99,179 equal employment opportunities, 118, 179 ethics and conduct, 99 Executive Committee roles, 14 executive level, 14 individual flexibility arrangements (IFAs), 98 job evaluation, 100 mentoring program, 99 performance management, 100 performance pay, 179 recruitment, 97-8 retention, 97-8 salary ranges, 164 section 24 determinations, 98 Senior Executive Service Officers. 178 statistics, 176-9 training and development, 77,99 work health and safety, 100-1 workforce planning, 97-8 workplace relations, 179 Stakeholder Relations unit, 107,116 state revenue authorities see revenue agencies state and territory partner agencies, 173 Strengthening AM17CTF Regulation in South Asia Program, 91 Strengthening the Rule of Law in Africa Program, 92 superannuation, fund trustees survey report, 29 Superannuation fund trustees (survey report). 28 Supervision Branch, 64 supervision supervision/enforcement of AML/CTF obligations action taken for non-compliance, 24 assessing industry compliance, 41 -2 collection of supervisory levy, 45 cost recovery for supervisory activities, 44-5 cost recovery for supervisory functions, 44-5 cross-border movement reporting, 47 diversity of regulated population, 34-9 enforcement actions, 46-7 enforcement powers, 46 enforcing compliance, 46 7 financial transaction reports, 30-1 improving quality of reporting to AUSTRAC, 34 industry compliance, 41 -4 information-gathering powers, 42 monitoring of awareness of obligations, 25 performance, 22-4 regulated population, 34-5 remittance service providers, 42 reporting results, 31-3 reports of cross-border movements, 33 reports received by AUSTRAC, 31 -3 risk assessment, 40 strategy, 26, 36-9,46 submission of compliance reports. 43-4 supporting industry compliance, 26-9 transaction reporting, 30-4 transition to AML/CTF Act transaction reporting, 33 see also suspect transactions reports (SUSTRs); suspicious matter reports (SMRs) supervision strategy, 36-9,46 for banks and other lenders, 37 for gambling industry and bullion dealers, 38 for money services industry, 39 for non-bank financial services. 38 Supervisory Oversight Committee, 112 support functions see enabling and support functions suspect activities, types, 71, 72-3 suspect transaction reports (SUSTRs) analysis, 71 disseminations. 69-70 reporting volume, 7, 32 suspicious matter reports (SMRs), 30 activity types, 72-3 analysis, 71 disseminations, 69-70 increased volume, 7 offence types. 71.74 reasons for suspicion, 71, 74-5 reporting volume, 32,68 requirements, 29 SUSTRs see suspect transaction reports (SUSTRs) Sydney office (AUSTRAC), 200 Syria, sanctions against. 20, 50 T Taskforce Galilee, 9 Joint Management Group, 64, 174 Media and Communication sub working group. 107,174 taskforces, partner agencies, 64-5 Tasmania Police, 67, 70, 173 Tasmanian State Revenue Office, 173 tax avoidance schemes, 71 tax evasion, 8,12,13,73.74 see also Australian Taxation Office (ATO) Territory Revenue Office (NT), 67, 173 terrorism financing case study development. 79 strategic research and analysis, 78 typology development, 79 see also counter-terrorism financing (CTF) TES (TRAQ Enquiry System), 60-2,63,64 threshold transaction reports (TTRs), 30 reporting volume, 32 requirements. 30 transition to AML/CTF Act transaction reporting, 33 Trade-based Money Laundering Working Group, 174 training partner agency officers, 63-4 TES, 63,64 training and development, 99 Indigenous graduate program. 99 Managed e-Learning System (MeLS), 99 mentoring program. 99 procurement training program, 105 transaction reporting accuracy of, 22 action against non-compliance by regulated entities, 18 AUSTRAC performance, 18, 30-4 identification of entities with reporting obligations. 22 increased volume from industry, 7,9, 22, 23 Transaction Reports Analysis Query Enquiry System (TES) see TES (TRAQ Enquiry System) Transaction Reports Analysis and Query (TRAQ) database. 60 TRAQ Enquiry System (TES), 60-2,63,64 TTRs see threshold transaction reports typologies, development of, 8, 79 u United Nations Convention Against Corruption (UNCAQ87 United Nations Counter-Terrorism Executive Directorate (UNCTED), 87 United Nations sanctions, 20,174 unusual activity reasons for suspicion, 71,74 5 suspect activity types, 72-3 v Victoria Police, 63,67, 70,173 Victorian State Revenue Office, 67.173 w Watch list match, 73 website (AUSTRAC) AUSTRAC Online, 29 e-learning courses, 28 industry engagement and education, 28 see also AUSTRAC Online; e-learning courses; information technology Welcome Program, 99 Western Australia Office of State Revenue, 173 Western Australia Police, 63,67, 70, 77, 173 Women In Law Enforcement Strategy, 175 work health and safety management arrangements, 93-4 notices issued. 100 Work Health and Safety Act 2011 (WHS Act), 100,101 workforce planning, 97-8 workplace diversity, 118 z Zimbabwe, sanctionsagainst, 20, 50
Bookmark
https://trove.nla.gov.au/work/237185125
Work ID
237185125

7 editions of this work

Find a specific edition
Thumbnail [View as table] [View as grid] Title, Author, Edition Date Language Format Libraries

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this work

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this work

Add a comment


Show comments and reviews from Amazon users