Australian Federal Government.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia’s anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit. AUSTRAC was established under the Financial Transaction Reports Act 1988 (FTR Act) and is continued in existence by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).
In its regulatory role, AUSTRAC oversees compliance with the requirements of the AML/CTF Act and FTR Act by a wide range of financial services providers, the gambling industry and others. In its intelligence role, AUSTRAC provides information to State, Territory and Australian Government law enforcement, security, social justice and revenue agencies.
Following a thorough ‘vetting’ process, including background business checks and police record security checks, clearance was given and the FMStudio were awarded with a contract to provide consultancy and software design and development services. We were proud to be awarded this contract and highlights the values & integrity of our Company.