I have received a letter from AUSTRAC titled 'FINAL NOTICE'. What steps do I need to take now?
AUSTRAC has identified that due to the nature of the products/services you provide, your business is believed to have legal obligations as a 'reporting entity' under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). As such, you were required to submit an AML/CTF compliance report to AUSTRAC by 31 March 2008.
Your next step is to immediately submit an AML/CTF compliance report to AUSTRAC (see AML/CTF compliance reports for more information). If you believe your organisation is not a reporting entity or does not have to submit an AML/CTF compliance report, or if you have recently submitted an AML/CTF compliance report or responded to AUSTRAC's previous letters, please urgently contact the AUSTRAC Help Desk on 1300 021 037 (a local call within Australia).
17-JUL-2008
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