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FATF report pending: Scrutiny of AUSTRAC’s effectiveness

Australia has recently undergone a Financial Action Task Force (FATF) evaluation. The report will be published shortly.1

In this Radio National program, the ABC’s Fran Kelly explores the recent review with a focus on the question of how effective Australia is at implementing its own laws. AUSTRAC’s role receives particular attention, especially the emphasis it has on education rather than regulation and enforcement.

If Australia is criticised in the FATF report, we can expect to see a reaction by AUSTRAC, who may start taking a harder line on financial institutions.


  1. See AGD’s website. See also FATF’s Australia page

Author:

Edward Greaves is a barrister at Francis Burt Chambers in Perth, Western Australia. Edward takes briefs in most civil and commercial litigation matters as well as financial and complex crime and regulatory and government matters. View profile | Connect on LinkedIn

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