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Typologies and Case Studies Report 2009
AUSTRAC feedback process
In carrying out its AML/CTF regulatory functions, AUSTRAC collects reports from reporting entities in the financial, bullion and gambling sectors that provide designated services under the Financial Transaction Reports Act 1988 (FTR Act) and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).
As part of its financial intelligence unit functions, AUSTRAC then analyses data contained within these reports to uncover activities and patterns that may indicate money laundering, terrorism financing or other criminal activities. This information is then disseminated to national security, law enforcement, revenue collection or social justice agencies, as well as certain international bodies.
The AUSTRAC feedback process is an important collaborative process between government and industry to combat money laundering and terrorism financing in Australia.
18-SEP-2009
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18-SEP-2009
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