Do I need to enrol and/or register my business?
On 1 November 2011 it became mandatory for all businesses with obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) to 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
- 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. This is particularly important for identifying which entities are subject to the annual AUSTRAC supervisory levy and the amount of the levy to apply to each leviable entity.
For further information about enrolment requirements read the Enrolment FAQs (PDF, 88KB).
As of 1 November 2011 businesses which intend to provide remittance services (remitters) must also apply to be registered with AUSTRAC, including those that had previously registered with AUSTRAC.
To provide remittance services, remitters must be registered in one or more of the following capacities:
- 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
- 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
- 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 remitter registration, refer to the Registration FAQs.
AUSTRAC Online accounts for FTR Act businesses (optional)
Businesses that only have Financial Transaction Reports Act 1988 (FTR Act) obligations, such as cash dealers and solicitors, are not required to enrol and register with AUSTRAC.
However, the FTR Act does require cash dealers and solicitors to submit certain reports to AUSTRAC. Businesses with FTR Act obligations may choose to create an AUSTRAC Online business account, which will allow them to submit these reports online.
More information on FTR Act requirements can be found on the FTR Act page of the AUSTRAC website
How do I enrol and/or register my business?
To enrol and/or apply to register your business with AUSTRAC, you must complete and submit an AUSTRAC business profile form (ABPF).
Businesses new to AUSTRAC
You must download and submit an ABPF from the link below if your business is new to AUSTRAC and you meet 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
- 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.
For further assistance in completing the ABPF, please refer to the following guides:
ABPF explanatory guide (Word, 1.2MB)
Guide for cash dealers and solicitors on completing the ABPF (Word 1.5MB)
Businesses already known to AUSTRAC
If you already have an AUSTRAC Online business account but have not yet completed the mandatory enrolment/registration for AML/CTF reporting entities and remitters, please log in to your existing AUSTRAC Online account and access the ABPF via the Business Profile page.