Discover AUSTRAC’s new website
Our new website has been designed to make it easier for you to find and understand information.
We’ve created a video that explains where things are and how to get the most out of our new site.
You’ll notice that at the bottom of every page on the site we ask you to give us feedback. Please let us know what you think so that we can continue to make our website even better.
You’ll also find our search function is more effective, picking up results from inside documents.
AUSTRAC’s website is where you can find out how to comply with Australia’s anti-money laundering and counter-terrorism financing legislation. We’ve redesigned the website to make it easy for everyone to find the information they need.
If you have a question as an individual, like how much money you can bring in and out of Australia, or why your bank has asked you for ID, you can get to the answer to some questions directly from the home page, or by going to ‘Individuals’ in the main menu.
For new businesses, we have made it easy, by answering some questions about the services you provide, you can get a good indication of whether you’ll need to enrol or register as a reporting entity.
If you’re already a reporting entity enrolled with AUSTRAC, you’ll find all the information you need under ‘Businesses’ in the main menu.
As you can see, we’ve reorganised this section to make it quicker and easier to find what you need.
From the very top of the menu, you’ll be able to get to any recent updates that might affect you, including reminders about regular obligations like the Annual Compliance Report.
As you move down the menu, you’ll find guidance for businesses just getting started with AUSTRAC, followed by information about using and updating your AUSTRAC Online account.
Next you’ll find a section called ‘How to comply and report: guidance and resources’.
This part of the website contains information all reporting entities need to know, divided into topics and subtopics: AML/CTF programs, Know Your Customer obligations, reporting to AUSTRAC, and so on.
If you need to refer to the Act or Rules, you’ll find references at the bottom of every page.
We’ve been talking to our reporting entities, and we know there’s a need for more resources and tools to help you improve your programs and manage risk. In particular, we know you’re looking for information relevant to your industry that connects legal obligations with real-life situations.
AUSTRAC is actively developing these kinds of resources in a number of different formats, and you’ll find them on the website under ‘Industry-specific guidance resources’.
For example, let’s say you work in a pub or a club with gaming machines. By going to the page for your industry, you’ll be able to see all the resources AUSTRAC has that are relevant to you.
If you want, you can narrow down the list to only see a specific type of resource – posters and fact sheets, for example.
We want to hear your feedback about how the new website is working for you. At the bottom of every page, you’ll find a simple feedback form. Use this form to let us know whether the page was useful to you, and why or why not.
Your feedback won’t go to waste. AUSTRAC is committed to making sure the website meets your needs, so we can work together in the fight against financial crime.
Where’s the compliance guide?
The compliance guide no longer exists as a separate item. You told us that while you use the guide frequently, you found it difficult to navigate and understand.
So we simplified the language and reorganised the information to make it easier to find.
The information from the compliance guide has been integrated into the subject pages – so you can now find all the important information you need in one place.
General information about how to comply and report is available in the Business section under How to comply: guidance and resources (link).
Some of you have told us you also need more detailed and specific information, so we’ve added a section called industry-specific guidance which is also in the Business area of the website (link ). This includes guidance notes on a particular topic, case studies and posters and fact sheets specific to an industry. You can filter guidance resources by industry, topic and type.
Because we know lots of people are familiar with the compliance guide, we’ve created a map of where to look for equivalent information on the new site.
Chapter 2 Designated services
Chapter 3 Designated business groups
Chapter 6 AML/CTF programs
- AML/CTF programs overview
- ML/TF risk assessment
- Compliance officers
- Independent reviews
- Employee due diligence
- Employee training: AML/CTF risk awareness training program
- Enhanced customer due diligence
- Transaction monitoring
- Reporting overview
- Customer identification and due diligence overview
- Customer identification (KYC)
- Beneficial owners
- Politically exposed persons (PEPs)
- Identifying customers who don’t have conventional forms of ID
- Reliable and independent documentation and electronic data
Chapter 8 AML/CTF record-keeping obligations
Chapter 9 Exemptions from obligations under the AML/CTF Act
Chapter 10 FTR Act
The content on this website is general and is not legal advice. Before you make a decision or take a particular action based on the content on this website, you should check its accuracy, completeness, currency and relevance for your purposes. You may wish to seek independent professional advice.