As Australia’s AML/CTF regulator, AUSTRAC regulates more than 17,000 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:

• suspicious matter reports (SMRs)

• threshold transaction reports (TTRs)

• international funds transfer instructions (IFTI) reports.

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.

Our 2024 regulatory priorities

AUSTRAC’s 2024 priorities are focused on hardening the sectors we regulate against criminal misuse. By publishing our regulatory priorities, reporting entities can better understand how to identify, mitigate and manage their money laundering and terrorism financing risk.

Download AUSTRAC’s regulatory priorities 2024 (PDF, 704 KB).

How AUSTRAC works

Watch the video to find out how AUSTRAC detects, deters and disrupts organised crime in order to protect Australians from criminals and terrorists.