We work together with our reporting entities to protect our financial system.
Download our approach to regulation PDF
You can download the PDF about our approach to regulation (PDF, 571.97KB).
Working together to protect our financial system
Insights in the PDF include:
- Our vision and purpose, and how our regulatory function combines with our financial intelligence function to achieve this.
- The importance of reporting entities as the first line of defence in protecting our financial system from criminal abuse.
- Our regulatory approach and principles, including our commitment to:
- collaboration
- outcome-orientation
- efficiency
- continuous improvement.
- How we engage in different regulatory activities, depending on the reporting entity capacity and risks.
- How we exercise our enforcement powers when we identify serious or systemic non-compliance.
- The factors we consider when choosing an intervention.
This guidance sets out how we interpret certain Australian legislation, along with associated Rules and regulations. Australian courts are ultimately responsible for interpreting these laws and determining if any provisions of these laws are contravened.
The examples and scenarios in this guidance are meant to help explain our interpretation of these laws. They’re not exhaustive or meant to cover every possible scenario.
This guidance provides general information and isn't a substitute for legal advice. This guidance avoids legal language wherever possible and it might include generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases your particular circumstances must be taken into account when determining how the law applies to you.