You can submit your 2023 compliance report from 1 January to 31 March 2024.
The report covers important areas of anti-money laundering and counter-terrorism financing (AML/CTF) and helps us to understand how you have been complying with your obligations over the year, and where you may need additional support or guidance.
We have received reports of scammers calling members of the public, claiming to work on behalf of AUSTRAC and offering assistance to recover lost funds.
AUSTRAC welcomes the recent announcement by the Attorney-General of Mr Brendan Thomas as the new AUSTRAC Chief Executive Officer.
AUSTRAC has released its regulatory priorities for 2024. These priorities identify four key areas that we will target resources to build regulated businesses’ resilience to money laundering, terrorism financing and other serious crimes.
AUSTRAC’s global financial intelligence collaboration is critical to combat transnational crimes including money laundering, terrorism financing (ML/TF) and other serious crimes.
The Fintel Alliance payment reference project has seen great dividends this year, including the arrests of several high-risk offenders.
Reporting entities are not just required to submit reports for the sake of it. Reports submitted to AUSTRAC initiate and inform real-world action in detecting and disrupting the abuse of Australia’s financial system. Let’s find out how!
What is a RegTech Symposium?
Regulatory technology businesses (RegTechs) play an essential role in assisting reporting entities in meeting their anti-money laundering and counter-terrorism financing (AML/CTF) obligations.
As of 9 November 2023, legislative amendments have been implemented which increase penalties for businesses providing designated services that fail to enrol under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 Act.
The countdown is on to the 2023 compliance reporting period.
Every year, businesses that provide designated services must submit a compliance report to AUSTRAC. You do this to show how you met your anti-money laundering and counter-terrorism financing (AML/CTF) obligations for the previous calendar year.