Austrac issues first remedial direction

AUSTRAC has issued its first remedial direction for non-compliance with the AML/CTF Act.

The direction was issued to Ms Mojgan Zojaji, trading as Little Persia, a remittance service provider, for failure to adopt and maintain an AML/CTF program.

The direction stipulates that Little Persia has 28 days to submit to AUSTRAC a written AML/CTF program that addresses specified matters.

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