Reporting Obligations

Objectives

In this module, we will address the following questions:

• What is a cash transaction?
  
• What is a significant cash transaction?
  
• What are the reporting obligations?
  
• What is a suspect transaction?
  
• How and when must a suspect transaction be reported?
  
• What is an international funds transfer instruction (IFTI)?
  
• Who needs to report IFTIs?
  
• What is a cross-border movement of physical currency?
  
• Who needs to report movements of physical currency?
  
• When must the report be made?
  
• What is a bearer negotiable instrument (BNI)?
  
• Who needs to report a movement of a BNI?
  
• When must the report be submitted?
  
• What is an AML/CTF compliance report?
  
• Who is required to submit an AML/CTF compliance report?
• What is AUSTRAC Online?

Your key learning objectives will be to correctly answer each of the questions listed above.