Strengthening financial integrity
AUSTRAC plays a major role in safeguarding the system and RMBL is committed to compliance and best practice.
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The Australian Transaction Reports and Analysis Centre (AUSTRAC) plays a critical role in safeguarding Australia’s financial system from financial crime.
As the country’s financial intelligence agency and anti-money laundering (AML) regulator, AUSTRAC enforces strict reporting and compliance obligations on businesses, including mortgage funds, to detect and prevent money laundering, fraud and other illicit activities.
These regulations enhance industry-wide transparency and accountability, ensuring that financial institutions operate in accordance with anti-money laundering and counter-terrorism financing (AML/CTF) laws.
AUSTRAC requires mortgage fund managers to implement robust customer due diligence (CDD) measures, including:
Verifying the identity of investors and borrowers.
Assessing potential risks.
Reporting suspicious transactions – identifying and reporting any red flags that could indicate financial misconduct
Compliance with these regulations helps prevent fraudulent activity that could compromise the security of the investment sector.
RMBL is committed to upholding AUSTRAC’s regulatory standards through a strong and evolving compliance framework.
RMBL’s comprehensive AML/CTF compliance program undergoes regular external reviews to ensure ongoing alignment with regulatory expectations and industry best practices.
Key elements of this approach include:
Rigorous borrower and investor verification – to prevent fraudulent activity.
Continuous transaction monitoring – to detect and mitigate financial risks.
Strict adherence to AML/CTF obligations.
By proactively identifying and mitigating risks, RMBL supports a transparent and accountable investment environment.
Through its dedication to compliance and best practices, RMBL reinforces investor confidence while supporting the broader financial system’s stability.
RMBL’s commitment aligns with AUSTRAC’s mission to combat financial crime and uphold the security and integrity of Australia’s financial sector.
To find out more about RMBL Investments, contact team@rmbl.com.au.
This article and any links provided are for general information only and should not be taken as constituting professional advice. National Seniors is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how any information provided relates to your unique circumstances.
