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PayDay News | Australian Payments News

AUSTRAC: payment platforms need better fraud checks


26 Aug, 2026
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Guest Contributor

26 Aug, 2026
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AUSTRAC has confirmed payment platforms are included in its mortgage fraud crackdown, with CEO Brendan Thomas pointing to source-of-funds verification as the industry's real blind spot.
AUSTRAC: payment platforms need better fraud checks
AUSTRAC CEO Brendan Thomas.

AUSTRAC has confirmed payment platforms are included in its mortgage fraud crackdown, with CEO Brendan Thomas pointing to source-of-funds verification as the industry's real blind spot.

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