Put simply AUSTRAC has expressed serious concerns around the Perth Mint’s compliance standards, saying it suspects it has breached criminal laws and provisions of transaction reporting laws.

The federal financial crimes regulator has ordered a sweeping audit of the processes and records at Gold Corporation, the owner of the Perth Mint.

The financial crime agency said it had “reasonable grounds to suspect” that the Mint breached one of the criminal provisions of the Anti-Money Laundering and Counter-Terrorism Financing Act, by running an unregistered remittance business.

https://www.abc.net.au/news/2022-09-19/austrac-investigates-perth-mint/101438128