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Federal Court imposes penalties after businesses fail to pay AUSTRAC infringement notices
→ Princeton Securities (NSW) Pty Ltd
The Federal Court of Australia ordered Castra Licensee Pty Ltd to pay AUD 50,000 and Princeton Securities (NSW) Pty Ltd to pay AUD 45,000 after both failed to pay AUSTRAC infringement notices issued in September 2024 for alleged breaches of the AML/CTF Act. Both businesses had an unpaid infringement amount of AUD 18,780; Castra was also ordered to pay AUD 15,000 in costs and Princeton AUD 5,000 in costs.
Amount (EUR)
€83,930
Original currency
AUD 95,000 (penalties of AUD 50,000 and AUD 45,000)
Action date
2026-05-27
Authority
Australian Transaction Reports and Analysis Centre (AUSTRAC)
Country
Australia
Primary source:
https://www.austrac.gov.au/new-and-media/news/federal-court-imposes-penalties-after-businesses-fail-pay-austrac-infringement-notices ↗
https://www.austrac.gov.au/new-and-media/news/federal-court-imposes-penalties-after-businesses-fail-pay-austrac-infringement-notices ↗
Factual reporting based on the linked authority publication. Quoted summary generated from the official source by WagerX Forensic Team using AI-assisted extraction. This page is not legal advice, not an editorial opinion, and not commentary on parties beyond the facts stated by the authority. If you represent an entity named above and require a correction, contact us with the source reference.
