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Enrolment and registration

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Do I need to enrol or register my business?

Mandatory enrolment

All businesses with obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) must be enrolled on AUSTRAC's Reporting Entities Roll. This obligation applies to:

  • all businesses that provide a 'designated service' under section 6 of the AML/CTF Act, including:
    • providers of digital currency exchange services
  • all providers of remittance services (remitters), including:
    • independent remittance dealers
    • remittance network providers
    • affiliates of a remittance network provider.

Enrolment information provides AUSTRAC with a more accurate understanding of its regulated population. AUSTRAC also uses enrolment information to identify the entities subject to the annual AUSTRAC Industry Contribution and, where included, the amount applicable to each billable entity.

For further information about enrolment requirements please go to Chapter 4 of the AUSTRAC compliance guide.

Mandatory registration

Businesses that intend to provide:

  • digital currency exchange services
  • remittance services (remitters)

must apply to be registered with AUSTRAC.

To provide remittance services, remitters must be registered in one or more of the following capacities:

  1. remittance network provider: an organisation that operates a network of remittance affiliates by providing the systems and services that enables its affiliates to provide remittance services
  2. affiliate of remittance network provider: a business that provides remittance services to customers as part of a remittance network facilitated by a remittance network provider
  3. independent remittance dealer: a business that provides remittance services to customers using its own systems and processes, independent of a remittance network.

For further information about digital currency exchange or remitter registration, refer to Chapter 5 of the AUSTRAC compliance guide.

AUSTRAC Online accounts for FTR Act businesses

Businesses that only have Financial Transaction Reports Act 1988 (FTR Act) obligations, such as motor vehicle dealers and solicitors, are not required to enrol or register with AUSTRAC.

Instead, when these businesses complete the enrolment and registration form (the ABPF), it will create an AUSTRAC Online account that will allow motor vehicle dealers and solicitors to submit reports to AUSTRAC online.

For further information on FTR Act requirements, refer to Chapter 10 of the AUSTRAC compliance guide.


How do I enrol or register my business?

To enrol or apply to register your business with AUSTRAC, you must complete and submit an AUSTRAC business profile form (ABPF).

Businesses new to AUSTRAC

Download and submit an ABPF from the link below if your business meets the following criteria:

  • my business does not have an existing AUSTRAC Online business account
  • my business has obligations under the AML/CTF Act or the FTR Act
  • I am not registering as an affiliate of an RNP offering remittance. (If your business is seeking to register as an affiliate to an RNP, please contact your RNP. It is the RNP who will register your business)
  • my business is not currently a member of a 'designated business group'
  • my business has never submitted transaction reports to AUSTRAC electronically or via paper reporting methods
  • I do not have 'user' access to an AUSTRAC Online business account for any other businesses.

Download the AUSTRAC business profile form

For further assistance in completing the ABPF, please refer to the following guides:

ABPF explanatory guide (Word, 2MB)

Guide for motor vehicle dealers and solicitors on completing the ABPF (Word 464KB)

 

Businesses already known to AUSTRAC

If you already have an AUSTRAC Online business account but have not yet completed the mandatory enrolment or registration for AML/CTF reporting entities, digital currency exchange providers, or remitters, please log in to your existing AUSTRAC Online account and download the ABPF via the Business Profile page under the My business tab, complete the relevant sections and select Submit.

Once you have submitted the ABPF, click Go to Submission Confirmation Page to save and print or email a copy of the completed form for your records.

I already have an AUSTRAC account for another business - how do I enrol my new business?

If your new business has a different ABN to your other business, you need to enrol your new business.

To enrol your new business, log in to your existing AUSTRAC Online account, select Add a new business via the My Business menu tab, and download the ABPF. Complete the form then Submit when complete.

Log in to your existing AUSTRAC Online account


Do I need to advise AUSTRAC of changes to my details?

Yes. You must advise AUSTRAC of any changes to your business's enrolment or registration details within 14 days of the change occurring.

To update your business's details, log in to AUSTRAC Online and download the ABPF via the Business Profile page under the My Business tab. Update your business's details and click Submit when complete.

Once you have submitted the ABPF, click Go to Submission Confirmation Page to save and print or email a copy of the completed form for your records.


I am no longer a reporting entity - what do I need to do?

If your business has ceased operating, or if your business no longer offers designated services, you must request to be removed from AUSTRAC's Reporting Entities Roll.

To remove your business from the Roll, log in to AUSTRAC Online select the Reporting Entities Roll removal form via the Business Profile page under the My Business tab. Complete the form and click Submit.

Your business will not be removed from the Reporting Entities Roll until AUSTRAC receives a completed Reporting Entities Roll removal form and has processed your request.

Last modified: 03/04/2018 08:55