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Money transferred to and from overseas: International Funds Transfer Instruction (IFTI) reports

An international funds transfer instruction (IFTI) is an instruction to transfer money or property to either:

  • Australia from another country
  • another country from Australia.

If you make an IFTI, you must submit an IFTI report to AUSTRAC within 10 days.

There are two types of IFTIs:

  • IFTI-Es are made by financial institutions
  • IFTI-DRAs are made by business, organisations or individuals who are not financial institutions, such as remittance service providers and casinos.

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: 26 Sep 2019
Page ID: 31

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