Go to top of page

AUSTRAC's approach to regulation

  AUSTRAC's approach to regulation

  View or download the full PDF (571.97KB).







This information paper provides reporting entities and other stakeholders with useful insights into how AUSTRAC views and fulfils its regulatory role under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

Insights in AUSTRAC’s approach to regulation include:

  • AUSTRAC’s vision and purpose, and how our regulatory function combines with our financial intelligence function to achieve this
  • the significance of reporting entities as the first line of defence in protecting our financial system from criminal abuse
  • AUSTRAC’s regulatory approach and principles, including our commitment to collaboration, outcome-orientation, efficiency and continuous improvement
  • our responsive approach to regulation, whereby we engage in a range of different regulatory activities depending on reporting entity needs and risks
  • how we exercise our enforcement powers when we identify serious or systemic non-compliance, including the factors we take into account when choosing an intervention.
Last modified: 05/12/2018 16:15