Accurate and timely reporting helps protect Australia from money laundering, terrorism financing and other serious crime. Your reports help us and our law enforcement partners identify suspicious activity, understanding emerging risks and disrupt criminal activity.
There are 3 key report types:
- Suspicious matter reports (SMRs) are required when you form a suspicion on reasonable grounds. You don’t need proof that a crime occurred.
- Threshold transaction reports (TTRs) are required when you provide a designated service that involves the transfer of $10,000 or more in physical currency (bank notes or coins). This includes foreign currency equivalents.
- Annual compliance reports show how your business met its anti-money laundering and counter-terrorism financing (AML/CTF) obligations during the previous financial year.
Know when to report
You must submit a TTR when you provide a designated service involving the transfer of $10,000 or more in physical currency (banknotes and coins). This includes the foreign currency equivalent. You need to submit a TTR within 10 days of the transaction occurring.
Electronic transfers, cheques and card payments don’t trigger this requirement, even in larger amounts.
For example, if a customer pays $10,500 in banknotes over the counter for jewellery, you must submit a TTR. You do not need to submit one if they pay by credit card.
Learn more about TTRs.
Report suspicions early
You must submit an SMR when you have a suspicion on reasonable grounds about a matter covered by AML/CTF legislation. You do not need proof that a crime has occurred.
For example, a customer may make several physical currency payments below $10,000 in a single transaction. If you reasonably suspect they are trying to avoid TTR obligations you must submit an SMR.
You must submit an SMR within:
- 24 hours of forming the suspicion if it’s related to terrorism financing
- 3 business days after the day you formed any other type of suspicion.
Learn more about SMRs.
How to demonstrate compliance
Your annual compliance report tells us how your business met its AML/CTF obligations for the previous financial year.
The next compliance reporting period is from 1 July to 30 September 2027. You will report on your activities during the 2026–2027 financial year.
We use this information to understand compliance across industries, identify emerging risks and decide where businesses may need more support. If you are newly regulated, we’re not expecting perfection. We want to see that you are using your AML/CTF program.
Learn more about annual compliance reports.