Updated information is now available to help you effectively use AUSTRAC guidance and feedback when assessing your money laundering and terrorism financing (ML/TF) risks.

Taking into account our guidance and feedback relevant to the ML/TF risks your business may face is critical in assisting you to develop or update your ML/TF risk assessment. Our guidance and feedback will enable you to develop and maintain an effective anti-money laundering and counter-terrorism financing (AML/CTF) program with appropriate measures to protect your business from being exploited by criminals. 

The updated guidance provides important information about:

• how to take AUSTRAC guidance and feedback into account
• the key sources of AUSTRAC guidance on ML/TF risks
• how to determine whether particular guidance or feedback is relevant to your business
• other sources of information that may be useful.

Read the Money laundering/terrorism financing risk assessment guidance.

Your risk assessment procedures must be flexible enough to adapt to changes in your ML/TF risks. You must always assess the ML/TF risk of any new service or process before offering it to customers. This includes new designated services, new ways of delivering your designated services, using new technology to provide designated services, and engaging with any new jurisdictions.

More information

For more information about our updated guidance, please visit the Latest guidance updates page on our website.