Dennis Miralis is a leading Australian defence lawyer with over 20 years of experience. Dennis is a Partner at Nyman Gibson Miralis and specialises in international criminal law.

AUSTRAC: Consequences of non-compliance

What are the consequences of non-compliance with AUSTRAC requirements?

AUSTRAC is the Australian government agency responsible for combating criminal abuse of the financial system, including anti-money laundering and counter-terrorism financing (AML/CTF). If you don’t meet your obligations under AML/CTF law, you may be subject to enforcement actions and penalties from AUSTRAC. We explore the consequences of not complying as outlined by AUSTRAC.   What…