AUSTRAC has just released a suite of educational resources, with real-life examples, on how to submit more effective suspicious matter reports (SMRs).

The new resources include a reference guide and checklist, and feature guidance on how to write succinct, accurate and clear grounds for suspicion. The reference guide also contains several SMR examples, both good and bad, to illustrate the different types of SMRs received by AUSTRAC.

The checklist resource includes a summary of all the main points outlined in the reference guide, allowing for quick and easy access for reporting entities when submitting SMRs to AUSTRAC.

Remember, clear and effective SMR reporting helps AUSTRAC to generate more actionable intelligence for police and other partner agencies. It is also an important part of your AML/CTF reporting obligations.

The better the quality, accuracy and timeliness of your SMRs, the greater the value they have for the detection, deterrence and disruption of criminal and terrorist activity.

View and download the reference guide and checklist.