Bilateral engagement

22-JAN-2010

Financial intelligence exchange instruments

Cooperation between financial intelligence units (FIUs) is vital in the global fight against money laundering and terrorism financing. AUSTRAC shares financial transaction information and intelligence with a number of counterpart FIUs. This information exchange benefits not only the operational work of the FIUs, but also law enforcement agencies tracking the international movements of the proceeds of crime.

AUSTRAC formalises international exchange understandings through Memoranda of Understanding (MOUs) and Exchanges of Letters, collectively referred to as exchange instruments. AUSTRAC currently has over 50 exchange instruments with foreign counterpart agencies. To view our international MOU partners, please see our exchange instrument list.

AUSTRAC's policy on communication of AUSTRAC information to a foreign country is published on the AUSTRAC website.

Regulatory exchange instruments

AUSTRAC has recently enhanced its international regulatory engagement to reflect its expanded role as Australia's AML/CTF regulator by signing its first MOU for the exchange of regulatory information. The MOU was signed with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and allows the exchange of strategic information on AML/CTF supervision as well as information on specific entities of interest to both jurisdictions. 

General information exchange

AUSTRAC also fosters bilateral cooperation by supplying a range of AML/CTF information and statistics to international counterparts upon request. AUSTRAC receives requests for general information from both exchange instrument partners and non exchange instrument partners.

Visit and Attachment Programs

As part of International Relationship building and information exchange AUSTRAC coordinates Visit and Attachment Programs. Visit Programs are available to both exchange instrument and non-exchange instruments jurisdictions depending on the content and depth of knowledge sought from AUSTRAC. 

Where an exchange instrument exists between AUSTRAC and the visiting party, an Attachment Program can be offered if justified and subject to security considerations.  Attachment Programs may vary from one week to 6 months according to the information exchange needs of the counterpart FIU.

15-AUG-2012

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