AUSTRAC Regulatory Guide

01-MAR-2010

Introduction

Foreword by the CEO

Regulatory Guide roadmap

Reader's aid

Getting started with AUSTRAC

Glossary

1. Introduction to the Australian AML/CTF context

Introduction

What is money laundering?

What is terrorism financing?

Why are money laundering and terrorism financing of concern?

What is the international position on money laundering and terrorism financing?

What is the Australian position on money laundering and terrorism financing?

What are the Australian Government's legal and administrative roles?

Frequently asked questions

2. Introduction to AML/CTF programs

Introduction

When do the provisions commence?

What are the relevant FATF recommendations?

What is an AML/CTF program?

Are there requirements set by the AML/CTF Rules?

Frequently asked questions

3. AML/CTF programs - Part A (general)

Introduction

When do the provisions commence?

What is the relevant FATF recommendation?

What is Part A of an AML/CTF program?

What are the requirements for Part A of an AML/CTF program?

What are the risk indicators of an inadequate AML/CTF program - Part A?

What resources are available to assist reporting entities?

Additional AUSTRAC resources

Frequently asked questions

4. AML/CTF programs - Part B (customer identification)

Introduction

When do the provisions commence?

What are the relevant FATF recommendations?

What is Part B of an AML/CTF program?

What are the requirements for Part B of an AML/CTF program?

What are the risk indicators of an inadequate AML/CTF program - Part B?

What resources are available to assist reporting entities?

Additional AUSTRAC resources

Frequently asked questions

5. AML/CTF compliance reporting

Introduction

When do the provisions commence?

What are the relevant FATF recommendations?

What is an AML/CTF compliance report?

How can AML/CTF compliance reports be submitted?

6. Correspondent banking

Introduction

When do the provisions commence?

What are the relevant FATF recommendations?

What are the requirements for correspondent banking?

What are the risk indicators for correspondent banking?

What resources are available to assist reporting entities?

Additional AUSTRAC resources

Frequently asked questions

7. Financial Transaction Reports Act 1988

Introduction

What are the requirements for reporting under the FTR Act?

What are the requirements for customer identification under the FTR Act?

What are the requirements for record keeping under the FTR Act?

Additional AUSTRAC resources

8. Ongoing customer due diligence

Introduction

When do the provisions commence?

What are the relevant FATF recommendations?

What is ongoing customer due diligence?

Additional AUSTRAC resources

Frequently asked questions

9. Reporting obligations

Introduction

When do the provisions commence?

What are the relevant FATF recommendations?

Suspicious matter reports (SMRs)

Threshold transaction reports (TTRs)

International funds transfer instruction (IFTI) reports

Reporting of cross-border movements of physical currency and bearer negotiable instruments (BNIs)

Additional AUSTRAC resources

Frequently asked questions

10. Electronic funds transfer instructions (EFTIs)

Introduction

What is an EFTI?

Exemptions from the EFTI provisions

When did the provisions commence?

What are the relevant FATF recommendations?

What are the requirements for an EFTI?

What obligations do reporting entities have?

What are the risk indicators for EFTIs?

Additional AUSTRAC resources

Frequently asked questions

11. Designated services

Introduction

When do the provisions commence?

What are the relevant FATF recommendations?

The meaning of 'geographical link'

What services does the AML/CTF Act cover?

Financial services

Bullion

Gambling services

Prescribed services

Appendices

A. AUSTRAC guidance notes and Public Legal Interpretations

B. ML/TF Risk Principles Framework

C. International AML/CTF organisations and initiatives

D. Historical developments in Australia's AML/CTF environment

E. Policy (Civil Penalty Orders) Principles 2006

F. AUSTRAC policy summaries

G. The Australian Government's legal and administrative roles

H. FATF recommendations

I. AUSTRAC Self Assessment Questionnaire

J. Sample customer identification procedure form - individuals

K. AUSTRAC guidelines

L. AUSTRAC information circulars

15-APR-2014

Related information

05-MAR-2013

View the PDF file Complete Regulatory Guide (PDF, 2.7MB)

Note: PDFs of individual chapters can be found on their relevant page

View the PDF file Index of changes (PDF, 141KB) (as at 31 August 2009)

07-MAR-2013

Last modified: ...

 

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