Australia’s regulator AUSTRAC has published guidelines instructing reporting entities to assess potential impacts of data breaches on their exposure to money laundering and terrorism financing (ML/TF) risks. The guidelines also call for measures to manage and mitigate these risks and continually monitor for data breaches that may affect their customers. Non-compliance with these guidelines will necessitate a significant change in many reporting entities’ approach to identifying and managing ML/TF risks.
News – Scroller Home Page – Kelly Benefits data breach compromised over half a million individuals – teiss
Summarize this content to a maximum of 60 words: News – Scroller Home Page – Kelly Benefits data breach compromised over half a million individuals teiss
