AUSTRAC is Australia's financial intelligence agency with regulatory responsibility for anti-money laundering and counter-terrorism financing.
We identify threats and criminal abuse of the financial system, and act to protect Australia's economy.
We also work in partnership with industry and government agencies in Australia and overseas to
- help keep Australia safe from financial and other serious crime
- build and maintain trust in Australia's financial system as part of the global community.
AUSTRAC’s vision is a financial system free from criminal abuse.
We will realise this vision:
- by detecting, deterring and disrupting money laundering and terrorism financing risks and threats that affect Australia’s financial system: and,
- thereby contributing to the growth of Australia’s economy.
Detecting and monitoring existing and emerging money laundering and terrorism financing threats as an integral part of a domestic and international information exchange network.
Using our financial intelligence capability, information and intelligence products to provide ongoing value to domestic and international partner agencies, taskforces and industry.
Protecting revenue, supporting the prevention and disruption of money laundering and terrorism financing, and influencing policy and law reform.
Australia's Financial Intelligence Unit
AUSTRAC is Australia's primary source for financial intelligence used to fight serious and organised crime and terrorism financing.
How it works
Businesses provide us with a range of reports on:
- financial transactions
- suspicious matters.
AUSTRAC's expert analysts use the data provided by business and other sources to join the dots and provide a complete financial intelligence picture.
The resulting financial intelligence is provided to partner agencies including:
- law enforcement
- national security
- human services
- revenue agencies
- a number of international counterparts.
Our financial intelligence helps detect, prevent, investigate and prosecute:
- terrorist financing
- serious & organised crime
- money laundering
- tax evasion.
Australia's AML/CTF regulator
To collect quality data, AUSTRAC oversees the compliance of more than 14,000 Australian businesses ranging from major banks and casinos to single-operator businesses.
The businesses we regulate provide more than 70 designated services in five key sectors:
- financial services
- bullion dealers
- remittance service providers
- cash dealers.
AUSTRAC works to help businesses protect themselves from abuse by criminals. Together we work to keep dirty money out of our financial system and protect Australia from serious and organised crime.