AUSTRAC is Australia’s financial intelligence unit and anti-money laundering and counter-terrorism financing regulator.

AUSTRAC regulates banks, money transfer businesses, digital currency (cryptocurrency) exchange providers and other businesses, which have obligations under the AML/CTF Framework to identify and manage the risks the risks of criminal activity and terrorism financing.

When you engage with one of these businesses to use their services, they may ask you for identification or questions about your circumstances. This is part of businesses meeting their obligations which help protect all Australians.

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: 20 Apr 2023
Page ID: 875

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