This paper investigates various factors that might influence the general public's confidence in the security of Australian banknotes, using a unique series of online banknotes surveys conducted by the Reserve Bank of Australia since 2010.
This paper aims to provide an estimate of where the approximately $76 billion worth of Australian banknotes – or $3,000 per Australian – are held, and for what purposes these banknotes are used.
The objective of the audit was to assess whether the Royal Australian Mint’s strategies for addressing the impacts of declining demand for Australian circulating coins are appropriate and effective.
This inquiry will have a particular focus on the purchase of foreign cash, and the transfer or remittance of money overseas. It will also consider other ways that consumers and small businesses perform foreign currency transactions, such as via credit, debit or pre-paid travel cards.
The concept of collaborative leadership has emerged as potentially a new method of operating within Australia's national security community. With the publication of the 2008 Review of Homeland and Border Security (also known as the ‘Smith Review’) and the subsequent Prime Minister’s National Security Statement...
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...
This paper provides a brief introduction to cryptocurrency and blockchain.
It is vital to understand the beneficial owners of your customers, so you can protect your business from being exploited for criminal gain. AUSTRAC has prepared this summary of your beneficial owner identification obligations, to help you comply and be confident of who you are...
On-going debate of a Pacific Islands currency union has rekindled the argument on whether Pacific Island Countries (PICs) demonstrate symmetric behavior in their business cycles as a precondition for a union according to the OCA theory. Unfortunately for the PICs, there are no empirical studies...