Find financial news and analysis across NZ and Australia.
5 results for “austrac”
AUSTRAC has issued a major warning regarding a 45% surge in AI-assisted illicit flows, prompting lenders to implement automated fraud detection. New AML/CTF regulations are set to take effect on July 1, 2026, to combat increasingly sophisticated financial crime.
Tabcorp Holdings Limited (TAH.AX) shares fell over 23% following the announcement of an AUSTRAC investigation into AML/CTF compliance. Technical indicators show a bearish trend with the stock trading at A$0.81, well below its 200-day SMA.
The ASX 200 rose by up to 1% on Thursday as oil prices fell sharply on hopes of a US-Iran peace deal. However, Tabcorp shares crashed 25% following the announcement of a new AUSTRAC enforcement investigation.
The Australian Securities and Investments Commission has issued an alert warning consumers about sophisticated, AI-driven crypto-asset investment scams. Operating on popular messaging apps like WhatsApp, these schemes use deepfakes and fake trading data to deceive younger investors.
The Customer Owned Banking Association has warned Australians of sophisticated phishing scams exploiting the fuel crisis to steal credit card information.