AUSTRAC administers the AML/CTF regime and serves as Australia’s Financial Intelligence Unit (FIU).
Key obligations for reporting entities
- Establish and maintain an AML/CTF Program
- Designate an AML/CTF Compliance Officer
- Conduct staff training on AML/CTF obligations
- Perform Know Your Customer (KYC) procedures
- Comply with ongoing customer due diligence requirements
- Meet reporting obligations: suspicious matters, threshold transactions, international funds transfer instructions
- Review and update the AML/CTF Program regularly
Services we offer
- AUSTRAC enrolment and registration
- AML/CTF Program drafting with tailored policies
- Compliance induction and refresher training
- Role-based training for compliance personnel
- Ongoing guidance on KYC, due diligence and transaction monitoring
- AML/CTF Program reviews and updates
- Independent Part A program reviews