Included in the list of priorities are:
- Understanding, mitigating and managing ML/TF risk;
- Ensuring that reporting entities have an effective AML/CTF program in place that sets forth their compliance with the AML/CTF Act and AML/CTF Rules;
- Encouraging accurate, timely and high quality reporting to AUSTRAC;
- Focusing regulatory work on areas of high risk: the banking, gambling, and remittance sectors;
- Increased regulatory activity across digital currency exchanges (DCEs), payment platforms, bullion, and non-bank lenders and financiers due to rapid sectoral growth and concerns surrounding AML/CTF compliance.