Suspicious matter reports (SMRs)
If you suspect that a person or transaction is linked to a crime, you must submit a suspicious matter report (SMR) to AUSTRAC. SMRs help protect Australia against money laundering, terrorism financing and other serious financial crime. They are an important part of your AML/CTF reporting program.
High-quality, accurate and timely SMRs give us the best chance to detect, deter and disrupt criminal and terrorist activity.
It is against the law to tell the customer or anyone else that you have formed a suspicion or submitted an SMR to AUSTRAC.
Timing is critical in preventing a serious crime.
- If you form a suspicion related to terrorism financing you must submit an SMR within 24 hours
- If you form a suspicion about any other matter, you must submit an SMR within three business days.
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.