Go to top of page

2017 AML/CTF compliance reporting obligations waived

AUSTRAC has waived the requirement to provide the AML/CTF compliance report  for 2017 (pursuant to section 47 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006) and will introduce an improved report for 2018. AUSTRAC is developing a new AML/CTF annual compliance report - a key initiative aimed at improving supervision of Australia’s money laundering and terrorism financing laws.

The new annual compliance report will be co-designed with industry to ensure AUSTRAC is asking the right questions to maximise the report's value, while at the same time finding ways to reduce any unnecessary administrative burden on the reporting population. While that process is happening, AUSTRAC will provide reporting entities with regular updates on the development of the new AML/CTF compliance report.

AUSTRAC compliance guide

 AML/CTF compliance reports section of the AUSTRAC compliance guide

Last modified: 08/11/2017 14:44