New to AUSTRAC
AUSTRAC regulates certain business activities in the financial services, bullion, gambling and digital currency exchange sectors. These business activities are called designated services and have been identified because they pose a risk for money laundering and terrorism financing.
If you provide one or more designated services that have a geographical link to Australia, you are a reporting entity and have anti-money laundering and counter-terrorism financing (AML/CTF) obligations. Your obligations include reporting certain business activities and transactions to AUSTRAC, record-keeping and having an AML/CTF program.
Enrol or register with AUSTRAC
This guidance sets out how we interpret the Act, along with associated Rules and regulations. Australian courts are ultimately responsible for interpreting these laws and determining if any provisions of these laws are contravened.
The examples and scenarios in this guidance are meant to help explain our interpretation of these laws. They’re not exhaustive or meant to cover every possible scenario.
This guidance provides general information and isn't a substitute for legal advice. This guidance avoids legal language wherever possible and it might include generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases your particular circumstances must be taken into account when determining how the law applies to you.