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AUSTRAC Orders External AML/CTF Audit of Airwallex Over Compliance Concerns
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has mandated an external audit of global payments platform Airwallex following concerns over serious non-compliance with financial crime regulations. AUSTRAC Chief Executive Officer Brendan Thomas announced the regulatory action on January 22, 2026, citing potential failures in the company’s management of anti-money laundering and counter-terrorism financing (AML/CTF) obligations. The audit, conducted under sect
Jan 263 min read
UK Unveils Overhauled AML/CTF Supervisory Framework in Latest Treasury Report
In its latest Anti-Money Laundering and Counter-Terrorist Financing Supervision Report for 2024–25, HM Treasury delivers an expansive evaluation of the UK’s financial defenses against illicit activity, covering the work of 25 supervisory bodies and detailing wide-reaching structural reforms. The document highlights the government’s intention to overhaul the existing supervisory landscape by assigning the Financial Conduct Authority sole responsibility for overseeing professio
Dec 10, 20253 min read
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