AUSTRAC plays a key role in a number of international organisations focused on combating money laundering, terrorism financing and other financial crime, including:
- Financial Action Task Force (FATF)
- Egmont Group of Financial Intelligence Units
- Asia/Pacific Group on Money Laundering (APG).
In addition to AUSTRAC’s direct involvement in the APG, AUSTRAC has been granted Observer status at two additional FATF-style regional bodies:
- Middle East and North Africa Financial Action Task Force (MENAFATF)
- Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)
Financial Action Task Force (FATF)
The FATF is an inter-governmental body focused on fighting money laundering, terrorism financing and other related threats to the integrity of the international financial system, by ensuring the effective implementation of legal, regulatory and operational measures.
AUSTRAC is a member of the FATF and participates in a number of working groups and initiatives run by the group. More information about the FATF is available on the FATF's website.
Egmont Group of Financial Intelligence Units
The Egmont Group is a global representative body made up of international financial intelligence units (FIUs).
It provides a global network for enhancing cooperation among FIUs, especially in the areas of:
- information exchange
- training and sharing of knowledge and expertise
- fostering the implementation of domestic anti-money laundering/counter-terrorism financing (AML/CTF) programs.
AUSTRAC is a founding and active member and lead Commonwealth agency to the Egmont Group.
More information about the Egmont Group is available on the Egmont Group's website.
This video also showcases the highlights of 25th Egmont Group Plenary Meetings which were hosted by AUSTRAC from 24-27 September 2018 in Sydney. Watch the video here
Asia/Pacific Group on Money Laundering (APG)
The APG is a FATF-style regional body for the Asia-Pacific region. Its key roles in the region include:
- assessing compliance of APG members with global AML/CTF standards
- coordinating technical assistance and training initiatives
- conducting research and analysis into money laundering and terrorism financing trends and methods.
Australia is a founding member of the APG and permanent co-chair of the group.
AUSTRAC coordinates Australia's whole-of-government engagement with the APG.
More information about the APG is available on APG's website.