AUSTRAC starts handing out $21,840 fines to businesses as new anti-money laundering rules kick in

T2Covered by 1 source · first reported by ANZ: iTnews / SmartCompany / Startup Daily at 14 Oct, 01:02 UTC

AUSTRAC's expanded anti-money laundering rules are adding compliance costs for small businesses, prompting some to rethink the services they offer. The post AUSTRAC starts handing out $21,840 fines to businesses as new anti-money laundering rules kick in appeared first on SmartCompany.

Sources

• T2AUSTRAC starts handing out $21,840 fines to businesses as new anti-money laundering rules kick inANZ: iTnews / SmartCompany / Startup Daily14 Oct, 01:02