Federal Court imposes penalties after businesses fail to pay AUSTRAC infringement notices

civil penalty26 May 2026Penalty $50K

Respondent

Castra Licensee Pty Ltd

Facts

The Federal Court of Australia has imposed civil penalties of $50,000 and $45,000 respectively against Castra Licensee Pty Ltd (Castra) and Princeton Securities (NSW) Pty Ltd (Princeton) after they failed to pay infringement notices issued by AUSTRAC.

Outcome

AUSTRAC civil penalty of $50,000 (plus $15,000 costs) — Castra Licensee Pty Ltd, ordered by the Federal Court on 2026-05-26 after it failed to pay an AUSTRAC infringement notice; it admitted liability. Princeton Securities (NSW) Pty Ltd was separately ordered to pay an agreed $45,000. See the AUSTRAC source for the full terms.

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Read the source

https://www.austrac.gov.au/news-and-media/media-release/federal-court-imposes-penalties-after-businesses-fail-pay-austrac-infringement-notices

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