How to use this website

AUSTRAC’s website is where you can find out how to comply with Australia’s anti-money laundering and counter-terrorism financing legislation. We’ve redesigned the website to make it easy for everyone to find the information they need.

If you have a question as an individual, like how much money you can bring in and out of Australia, or why your bank has asked you for ID, you can get to the answer to some questions directly from the home page, or by going to ‘Individuals’ in the main menu.

For new businesses, we have made it easy, by answering some questions about the services you provide, you can get a good indication of whether you’ll need to enrol or register as a reporting entity.

If you’re already a reporting entity enrolled with AUSTRAC, you’ll find all the information you need under ‘Businesses’ in the main menu.

As you can see, we’ve reorganised this section to make it quicker and easier to find what you need.

From the very top of the menu, you’ll be able to get to any recent updates that might affect you, including reminders about regular obligations like the Annual Compliance Report.

As you move down the menu, you’ll find guidance for businesses just getting started with AUSTRAC, followed by information about using and updating your AUSTRAC Online account.

Next you’ll find a section called ‘How to comply and report: guidance and resources’.

This part of the website contains information all reporting entities need to know, divided into topics and subtopics: AML/CTF programs, Know Your Customer obligations, reporting to AUSTRAC, and so on.

If you need to refer to the Act or Rules, you’ll find references at the bottom of every page.

We’ve been talking to our reporting entities, and we know there’s a need for more resources and tools to help you improve your programs and manage risk. In particular, we know you’re looking for information relevant to your industry that connects legal obligations with real-life situations.

AUSTRAC is actively developing these kinds of resources in a number of different formats, and you’ll find them on the website under ‘Industry-specific guidance resources’.

For example, let’s say you work in a pub or a club with gaming machines. By going to the page for your industry, you’ll be able to see all the resources AUSTRAC has that are relevant to you.

If you want, you can narrow down the list to only see a specific type of resource – posters and fact sheets, for example.

We want to hear your feedback about how the new website is working for you. At the bottom of every page, you’ll find a simple feedback form. Use this form to let us know whether the page was useful to you, and why or why not.

Your feedback won’t go to waste. AUSTRAC is committed to making sure the website meets your needs, so we can work together in the fight against financial crime.

Chapter 2 Designated services

• Who and what we regulate
• Glossary 

Chapter 3 Designated business groups

• Guidance resource: Designated business groups

Chapter 4 Enrolment requirements

• Check if you need to enrol or register
• Enrol or register
• Your obligations
• Updating your details
• Requesting removal from AUSTRAC’s roll or registers
• Adding a new business to your account
• Consequences of not complying

Chapter 5 Registration requirements

• Check if you need to enrol or register
• Enrol or register
• Your obligations
• Updating your details
• Requesting removal from AUSTRAC’s roll or registers
• Adding a new business to your account
• Consequences of not complying

Chapter 6 AML/CTF programs

• AML/CTF programs overview
• ML/TF risk assessment
• Compliance officers 
• Independent reviews
• Employee due diligence
• Employee training: AML/CTF risk awareness training program
• Enhanced customer due diligence
• Transaction monitoring
• Reporting overview
• Customer identification and due diligence overview 
• Customer identification (KYC)
• Beneficial owners
• Politically exposed persons (PEPs)
• Identifying customers who don’t have conventional forms of ID
• Reliable and independent documentation and electronic data

Chapter 7 AML/CTF reporting obligations

• Reporting overview
• Transactions of $10,000 or more: (TTRs)
• Suspicious matter reports (SMRs)
• Money transferred to and from overseas: (IFTI reports)
• Cross border movement reports
• AUSTRAC compliance reports

Chapter 8 AML/CTF record-keeping obligations

• Record-keeping

Chapter 9 Exemptions from obligations under the AML/CTF Act

• Exemptions from AML/CTF obligations
• Applying for exemptions and modifications

Chapter 10 FTR Act

• Motor vehicle dealers
• Solicitors