A document that sets out how a reporting entity meets their AML/CTF compliance obligations.
See
AML/CTF Act 2006 section 83
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Business
- New to AUSTRAC
- Your industry
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Core guidance
- All guidance resources
- Latest guidance updates
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Customer identification and verification
- Customer identification (KYC)
- Beneficial owners
- Politically exposed persons (PEPs)
- Customer identification and verification: easy reference guide
- Identifying customers who don’t have conventional forms of ID
- Reliable and independent documentation and electronic data
- High-risk countries, regions and groups
- How to comply with KYC requirements during the COVID-19 pandemic
- Source of funds and source of wealth
- Exceptions to verifying a customer before providing a designated service
- Reliance on customer identification procedures by a third party
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AML/CTF programs
- ML/TF risk assessment
- Implement a risk management process
- Compliance officers
- Independent reviews
- Employee due diligence
- Employee training: AML/CTF risk awareness training program
- Enhanced customer due diligence (ECDD)
- Transaction monitoring
- Designated business groups (DBG)
- Suspicious transactions identified by your transaction monitoring system
- Reporting
- Guidance on debanking
- Exemptions and modifications
- Record-keeping
- Industry contribution levy
- Consequences of not complying
- Guidance on outsourcing
- Preventing financial crime using a risk-based approach
- Data breaches and AML/CTF considerations
- AUSTRAC Online
- Legislation
- Service providers to reporting entities
- Consultation with industry
- Glossary
- Partners
- Individuals
- News and media
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About us
- What we do
- Our people
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AML/CTF Reform
- Check if you'll be regulated
- About the reforms
- New industries and services to be regulated
- Summary of AML/CTF obligations for new regulated entities
- Risks and indicators of suspicious activity
- Summary of changes for current regulated entities
- Why combat money laundering and terrorism financing?
- Repeal of the Financial Transaction Reports Act 1988
- Careers
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Corporate information and governance
- Freedom of information
- AUSTRAC policies
- Corporate plan
- Annual reports
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Reports and accountability
- AUSTRAC Audit and Risk Committee (ARC) Charter
- Statement of Expectations and Statement of Intent
- ACLEI corruption prevention report
- Budget
- Commonwealth Child Safe Framework - annual statement of compliance (2021)
- Contracts
- Gifts and benefits register
- Grants
- Report on the statutory review of the AML/CTF Act and associated Rules and Regulations
- Review of the AUSTRAC industry contribution levy arrangements
- Senate file list