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Regulation

As Australia’s AML/CTF regulator, AUSTRAC regulates more than 14,000 individuals, businesses and organisations.

We make sure they’re complying with their obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and the Financial Transaction Reports Act 1988 (FTR Act). We do this to protect them, and the financial sector, from criminal abuse.

Our reporting entities' obligations include reporting financial transactions and suspicious activity to AUSTRAC through, for example:

Our regulatory activities also include:

  • identifying new and emerging risks
  • identifying and collecting data to generate regulatory insights.
  • using regulatory insights and financial intelligence to assess industry vulnerabilities and threats to Australia’s financial sector
  • collaborating with industry to improve risk management, help them comply, educate them on risks and compliance
  • supporting national security and law enforcement operations
  • taking a risk-based approach to interventions against non-compliant reporting entities
  • taking enforcement action against reporting entities for serious and/or systemic breaches of the AML/CTF Act.

Find out more about who and what we regulate.

Read more about our approach to regulation.

The content on this website is general and is not legal advice. Before you make a decision or take a particular action based on the content on this website, you should check its accuracy, completeness, currency and relevance for your purposes. You may wish to seek independent professional advice.

Last updated: 24 Jun 2019
Page ID: 339

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