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AUSTRAC consultation

Open for consultation:

There are currently no papers open for consultation.

Closed:


Draft Privacy Impact Assessment – AUSTRAC data matching program and Fintel Alliance (closed)

The draft Privacy Impact Assessment considers the initial operational projects being undertaken by Fintel Alliance (‘Panama Papers’, ‘Online Money Mules’ and ‘Australian Cybercrime Online Reporting Network Data Exploitation’) and the AUSTRAC Data Matching Program. Fintel Alliance is a partnership between AUSTRAC, other government agencies, NGOs, academia and reporting entities. The initial projects are intended to facilitate collaborative, innovative and timely sharing of financial intelligence with Fintel Alliance partners in order to manage money-laundering and terrorism-financing risk. The Data Matching Program involves obtaining external data from a variety of non-open and open sources to enhance AUSTRAC’s intelligence and research capabilities. 

Draft Privacy Impact Assessment – AUSTRAC data matching program and
Fintel Alliance (Word, 174KB)

Draft Privacy Impact Assessment – AUSTRAC data matching program and
Fintel Alliance (PDF, 486KB)

Consultation closed on 8 May 2017.


Draft Costings – electronic safe harbour procedures for customers (closed)

AUSTRAC seeks stakeholder feedback on the draft costings for the proposed amendments to the Chapter 4 electronic safe harbour provisions for customers. AUSTRAC estimates that these draft amendments will generate average deregulatory savings of $7.2 million for affected businesses and $5.8 million for individuals over the next ten years resulting in a total average annual saving of $13 million. 

Draft Costings – electronic safe harbour procedures for customers (Word, 102KB)

Draft Costings – electronic safe harbour procedures for customer (PDF, 84KB)

AUSTRAC seeks close consideration from industry on the costing estimates, including whether the assumptions are reasonable and whether the population estimates are smaller or greater.

Consultation closed on Thursday 7 July 2016.

Last modified: 08/11/2017 15:03