Reporting obligations

Objectives

In this module, we will address the following questions:

• What is a transaction?
• What is a threshold transaction?
• What are the reporting obligations?
• What is a suspicious matter?
• How and when must a suspicious matter 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?

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

Reporting entities enrolled on AUSTRAC Online can access more detailed information from the AUSTRAC 'Reporting Requirements' e-learning course.