This guide clarifies how to treat a strata corporation (also known as body corporate or owners corporation) for the purpose of customer and beneficial ownership identification. It also provides the relevant provisions of the Rules to refer to if beneficial owners cannot be determined using the standard criteria.

The AUSTRAC Insights: Governance series provides reporting entities with key learnings from our regulatory activities that will help strengthen leadership and oversight of the AML/CTF compliance and risk management process.

What is an agent banking arrangement?

An agent banking arrangement consists of:

• an account provider offering deposit accounts to customers
• an agent bank accepting deposits, including cash deposits, on behalf of the account provider, but not maintaining the customers’ accounts.

Who is providing a designated service under these arrangements?

The account provider is providing the designated service by allowing a transaction to be conducted on the customer’s account.

How to recognise the financial behaviours associated with foreign terrorist fighters and suspects.

• Building a profile: Financial characteristics associated with known foreign terrorist fighters and suspects (PDF, 393KB)

A guidance note about what constitutes a remittance network provider according to AML/CTF legislation. Guidance notes help reporting entities understand specific provisions of the AML/CTF Act and Rules so they can meet their obligations.

Insights into how AUSTRAC views and fulfils its regulatory role.

• Download the file (PDF)

A guidance note about what constitutes a comparable AML/CTF law in a foreign country. Guidance notes help reporting entities understand specific provisions of the AML/CTF Act and Rules so they can meet their obligations.

A strategic analysis brief about the money laundering methods, vulnerabilities and indicators association with politically exposed persons (PEPs). Strategic analysis briefs provide insights on ML/TF risks, trends and methods. 

• Download the brief (PDF, 853KB)

A guidance note to help registered remittance service providers understand how to apply to renew their registration and the consequences if they don't. Guidance notes help reporting entities understand specific provisions of the AML/CTF Act and Rules so they can meet their obligations.

Guidance for the superannuation sector on how to comply with their AML/CTF obligations.

• Download the document (PDF, 469KB)