Reporting entities have legal obligations under the AML/CTF Act to submit certain reports to AUSTRAC.
Reporting entities must submit a suspicious matter report (SMR) to AUSTRAC if they suspect a customer or transaction is linked to a crime.
International funds transfer instructions must be reported to AUSTRAC.
As a reporting entity you must develop, maintain and comply with an anti-money laundering and counter-terrorism financing (AML/CTF) progr
Learn about your obligations, our expectations and practical steps you can follow to conduct your risk assessment.
Learn what initial customer due diligence (CDD) is, when you need to complete initial CDD and what records you need to keep.
Learn what you need to do for initial customer due diligence (CDD) if your customer is a sole trader.
Certain reporting entities can form a designated business group to share their AML/CTF obligations.
Learn what you need to do for initial customer due diligence (CDD) if your customer is an individual.