AUSTRALIA: FINANCIAL CRIME GUIDE TO HELP BUSINESSES IDENTIFY AND REPORT FINANCIAL TRANSACTIONS THAT MAY BE LINKED TO THE PURCHASE OF CHILD SEXUAL EXPLOITATION MATERIAL

On 16 December, AUSTRAC published this Guide, saying that, in partnership with the AFP, government partners, industry, and a NGO, AUSTRAC has updated its report released in 2019, to help financial institutions identify behaviours and transactions which may indicate payments for child sexual exploitation material, and to submit a suspicious matter report to AUSTRAC.  Financial service providers have visibility of customer activity and are well positioned to flag behaviours and transactions of concern, which is critical to AUSTRAC and law enforcement to identify and stop this activity.

https://www.austrac.gov.au/sites/default/files/2022-12/AUSTRAC_2022_FCG_Combating_the_sexual_exploitation_of_children_web_0.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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