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Traveller's cheques

The overall ML/TF risk for traveller’s cheques is assessed as low. This is largely due to the very low value of traveller’s cheque transactions in Australia, combined with the measures service providers have implemented to mitigate the risk of exploitation.

AUSTRAC expects the value of traveller’s cheque transactions to continue to decrease, which will continue to put downward pressure on the market’s vulnerability to crime.

Download the traveller's cheques risk assesment (PDF, 967KB)





Please note

This risk assessment is intended to provide a summary and general overview; it does not assess every risk relevant to traveller's cheques. It does not set out the comprehensive obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), AML/CTF Regulations and AML/CTF Rules. It does not constitute, nor should it be treated as, legal advice or opinions. The Commonwealth accepts no liability for any loss suffered as a result of reliance on this publication. AUSTRAC recommends that independent professional advice be sought.

Last modified: 03/09/2018 16:28