News

Money laundering’s impact on business and human rights

SAFETRAC — Mon, 27 Oct 2025 03:57:14 GMT

Understanding your customers is the first step in fighting financial crime
Customer Due Diligence (CDD) isn’t just a regulatory checkbox — it’s a crucial process that helps you verify who your customers are and ensure their funds come from legitimate sources. By taking CDD seriously, you’re not only protecting your business and clients, but also playing a vital role in preventing money laundering, fraud, and the financing of terrorism.FDFDF

Is your business unknowingly enabling money laundering?

SAFETRAC — Fri, 24 Oct 2025 06:11:40 GMT

In 2023–24, AUSTRAC received more than 380,000 suspicious matter reports – a sharp increase from the previous year that reflects the rising complexity and scale of financial crime...

AML/CTF Reforms: 5 things your business must do to stay compliant

SAFETRAC — Fri, 24 Oct 2025 04:48:09 GMT

In today’s interconnected economy, businesses of all sizes and sectors could, without realising it, be caught up in money laundering schemes. With Tranche 2 Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws coming into effect on 1 July 2026, it is more important than ever to understand what money laundering is, how it creates hidden risks, and what your organisation can do right now to protect itself.