This regional risk assessment was coordinated by AUSTRAC, Bank Negara Malaysia and Indonesia’s financial intelligence unit Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK). It examines terrorism financing (TF) risks facing non-profit organisations (NPOs) in Australia, New Zealand and South-East Asian countries.

AUSTRAC assessed the overall ML/TF risks associated with remittances sent through remittance providers from Australia to Pacific Island countries as low. This was based on the low level of criminality associated with these remittances and the generally low value of remittances being sent to support family and communities in the Pacific.

This risk assessment is aimed at improving the NPO sector’s own risk awareness and help NPOs to protect themselves from fraud and criminal activity.

Australia’s first risk assessment of the securities and derivatives sector has revealed how serious and organised criminals can, and have, exploited our financial system to engage in criminal activity.

This risk assessment contains detailed information to assist industry to understand the risks associated with stored value cards (SVCs) and how they can mitigate these risks.