The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia's:
- anti-money laundering and counter-terrorism financing (AML/CTF) regulator
- specialist financial intelligence unit (FIU).
Australia's AML/CTF regulator
AUSTRAC oversees the compliance of thousands of Australian businesses including:
- financial services providers
- gambling industry
- bullion dealers
- remittance service providers
- cash dealers.
Our aim is to work with industry to harden the financial sector against penetration from organised crime, terrorists or their sympathisers.
Australia's financial intelligence unit
In our FIU role, AUSTRAC collects and analyses information provided by businesses about:
- financial transactions
- suspicious matters.
AUSTRAC provides the resulting financial intelligence to ‘partner agencies' including:
- law enforcement
- national security
- human services
- revenue agencies
- certain international counterparts.
AUSTRAC financial intelligence assists partner agencies and international counterparts in investigating and prosecuting serious criminal activity including:
- money laundering
- terrorism financing
- organised crime
- tax evasion.
Vision and purpose
AUSTRAC's vision is an Australian community that is hostile to financial crime. Our purpose is to:
- protect the integrity of Australia's financial system
- contribute to the administration of justice
through our expertise in countering money laundering and the financing of terrorism.