Some exemptions from AML/CTF compliance and reporting obligations are set out in legislation.
RegTechs play an important role in helping reporting entities meet their AML/CTF obligations.
AUSTRAC can require a reporting entity to appoint an external auditor. An external auditor is authorised by AUSTRAC for the specific audit.
AML/CTF advisers must offer tailored services to help businesses meet their compliance obligations.
A list of AUSTRAC's exchange instruments with foreign jurisdictions or organisation
The Freedom of Information Act 1982 gives everyone the right to access AUSTRAC documents if they are not exempt from public release under the Act.
The Australian Commission for Law Enforcement Integrity (ACLEI) and AUSTRAC partnered on a self-assessment of our integrity maturity.
Reporting entities must have an AML/CTF program in place to identify, mitigate and manage the risk of money laundering and terrorism financing.
Reporting entities must assess the level of ML/TF risk their business and organisation may face, and develop policies and procedures to identify, mitigate and manage that risk.