Glossary

Virtual assets designed for enhanced anonymity to disguise transaction details, such as sender, receiver and transaction amounts.

The act of providing funds or financial services that are used to make, develop, buy, transport or stockpile nuclear, chemical or biological weapons.

A type of negotiable instrument where the party issuing the note promises to pay the sum listed in the note to the listed party. This can also be a bearer negotiable instrument.

A type of software the locks or encrypts a victim’s files until a ransom is paid.

A ‘reasonable person’ is a legal term. It refers to a hypothetical person who displays reasonable or ordinary behaviour or judgment in the circumstances.

An entity that allows affiliates to use its brand, products, platforms or systems to provide remittance services to customers.

An individual, business or organisation that accepts instructions from customers to transfer money or property to a recipient. They’re also known as ‘money transfer businesses. It’s against the law to provide remittance services in Australia without being registered with us.

An entity that provides designated services or a lead entity of a reporting group. They must comply with AML/CTF obligations.

A group of persons in a common ownership or control structure, or that have chosen to form a group, that includes one or more reporting entities. Reporting groups have a lead entity and ordinary members.

Helps people or entities to escape or undermine the laws, rules and jurisdictions elsewhere. They can be used to: 

• underpay tax 
• launder money 
• evade sanctions 
• fund terrorist groups.