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AUSTRAC launches Insights: Assessing ML/TF risk and new products for remittance service providers

1 December 2020

Supporting businesses with guidance and education resources is a key priority for AUSTRAC. We’re developing new guidance and reviewing our existing guidance to ensure it is up to date and useful for your business.

Resources to help you meet your risk obligations

One of the most important areas of anti-money laundering and counter-terrorism financing (AML/CTF) obligations for all businesses is assessing and managing risk.

Insights: Assessing ML/TF Risk goes into detail about AUSTRAC’s expectations for risk assessment and management. We encourage you to read the document and use it when developing or reviewing your own risk assessment and processes.

We’ve also refreshed the ML/TF risk page on our website and added a short video that explains the core risk obligations.

Read more on assessing ML/TF risk   

Guidance for remittance service providers

For remittance service providers, we’ve released new products that make understanding and following AML/CTF obligations simpler.

There’s a new video, a detailed guide to developing an AML/CTF program, as well as new fact sheets on risk management, reporting, customer identification and more.

View the updated resources for remittance providers

We’ll continue to support businesses with new resources

Over the next year, we’ll continue to provide guidance to help you protect your business from criminals, and understand how to meet your AML/CTF obligations.

Keep an eye on the AUSTRAC InBrief newsletter each quarter, and check our website for the latest updates.