I am pleased to announce the reappointment of Ms Nicole Rose PSM as Chief Executive Officer of AUSTRAC. Ms Rose’s two-year reappointment will commence on 13 November 2022.
First appointed CEO in 2017, Ms Rose has brought to the role considerable experience from the policing and criminal intelligence community, and a long record of public service.
Ms Rose has ably led Australia’s financial intelligence unit and anti‐money laundering and counter‐terrorism financing (AML/CTF) regulator in its important role of detecting, deterring and disrupting criminal abuse of the financial system.
Ms Rose has led AUSTRAC in working closely and cooperatively with industry. This has including strengthening the AUSTRAC-led Fintel Alliance, a world-first public‑private partnership against money laundering, terrorism financing and other serious crime. In recognition of this, the Fintel Alliance was awarded the Best Collaboration of the Year Award by the International Compliance Association.
AUSTRAC has also undertaken several high-profile enforcement investigations and actions against both the banking and casino sectors. This includes a $1.3 billion penalty order for 23 million contraventions of the Anti-Money Laundering and Counter Terrorism Financing Act 2006 – the largest ever civil penalty in Australian history.
On behalf of the Australian Government, I congratulate Ms Rose on her reappointment.