( March 31, 2025, 02:09 GMT | Official Statement) -- MLex Summary: Individuals and businesses that tip off others about a money-laundering investigation could face up to two years in prison and fines up up to A$39,000 ($24.470) under new offenses introduced under Australia’s anti-money laws, Australia’s financial-crime watchdog has announced. In a statement, the Australian Transaction Reports and Analysis Centre said that the changes to the offense of tipping off others about a probe meant that the rules were “not focused on the harms that could flow from a disclosure.” Businesses and individuals covered by the laws, including banks, casinos, remitters and money lenders, were now prohibited from disclosing certain information “where it would or could reasonably be expected to prejudice an investigation,” Austrac said. The full statement from Austrac follows: ...
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