International assistance and training

22-OCT-2014

The strength and effectiveness of counterpart anti-money laundering and counter-terrorism financing (AML/CTF) regimes is important in ensuring regional hostility to money laundering and terrorism financing (ML/TF).

Through funding provided by the Department of Foreign Affairs and Trade, AUSTRAC provides support to our regional counterparts by working towards:

  • the enhancement of the intelligence capacity of developing FIUs
  • the development of a sound regulatory capacity in developing FIUs and regulators
  • regional network building and the promotion of communication and information sharing between FIUs and regulators.

AUSTRAC technical assistance and training programs

Strengthening AML/CTF Regulation in South Asia (SARiSA) Program

SARiSA is a three-year capacity building program with the FIUs of:

  • Bangladesh
  • Nepal
  • Sri Lanka.

The program focusses on training staff from the insurance and securities regulators in the areas of:

  • policy
  • guidance
  • AML/CTF compliance.

The overall objective is to build each regulator's capacity to undertake effective AML/CTF regulation of their part of the financial sector.

The program is scheduled to conclude in November 2014.

PPATK/AUSTRAC Partnership Program (PAPP)

AUSTRAC has been delivering technical assistance and training to Indonesia's FIU, Pusat Pelaporan Dan Analisis Transaksi Keuangan (PPATK), since late 2002 under a range of different funding packages and programs.

PAPP is an AML/CTF partnership and capacity-building program funded by the Australian Government. The program is designed to strengthen the institutional capacity and governance frameworks of Indonesia's FIU and other AML/CTF stakeholders.

AUSTRAC has stationed two in-country mentors in the offices of PPATK in Jakarta. The program is funded until December 2015.

Indonesian Alternative Remittance and Cash Couriers Program (IndoARCC)

The IndoARCC program aims to disrupt money laundering activity and associated serious crimes through Indonesia's alternative remittance sector and cross-border cash couriers.

The program builds upon AUSTRAC's past work in Indonesia to develop the capacity of Indonesian AML/CTF authorities.

The IndoARCC program commenced in January 2014 and is funded for two years.

Improving governance in South-East Asia (IGiSEA)

IGiSEA is a three-year capacity building program with the AML/CTF authorities of:

  • Thailand
  • Cambodia
  • Philippines.

The program aims to assist FIUs and anti-corruption authorities to identify legislative gaps relating to anti-corruption, money laundering practices and other crimes to better meet international standards.

The program is funded for three years until June 2015.

Combating Corruption: Strengthening the Financial System against Money Laundering and Recovering Proceeds of Crime in Papua New Guinea (CC PNG)

The CC PNG program aims to assist Papua New Guinea (PNG) in preventing and combating corruption by strengthening its financial system against money laundering, corrupt activity and terrorism financing.

The two year program commenced on 1 July 2014 and is jointly delivered by AUSTRAC and the Attorney General's Department.

22-OCT-2014

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