Australian Transaction Reports and Analysis Centre
AUSTRAC's purpose is to protect the integrity of Australia's financial system and contribute to the administration of justice through our expertise in countering money laundering and the financing of terrorism. AUSTRAC operates with two important roles: - Anti-Money Laundering / Counter-Terrorism Financing Act 2006 obligations - AUSTRAC oversees the compliance of Australian businesses, defined as 'reporting entities', with their requirements under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and the Financial Transaction Reports Act 1988. These requirements include: implementing programs for identifying and monitoring customers and for managing the risks of money laundering and terrorism financing; reporting suspicious matters, threshold transactions and international funds transfer instructions; and submitting an annual compliance report. - AUSTRAC intelligence - In its intelligence role, AUSTRAC provides financial information to state, territory and Australian law enforcement, security, social justice and revenue agencies, and certain international counterparts. The intelligence provided has been analysed by highly qualified AUSTRAC personnel who use sophisticated tools to identify information that can assist AUSTRAC's partner agencies to investigate and prosecute criminal and terrorist enterprises in Australia and overseas.
Level 7, Tower A, Zenith Centre, 821 Pacific Highway
Chatswood NSW 2067Australia
Type of Body
A. Non Corporate Commonwealth Entity
GFS Sector Classification
Established By / Under
PGPA Rule (Schedule 1)
Annual Report Prepared and tabled?
GFS Function / Sector Reported
Public Order and Safety
PS Act Body
Yes - Statutory Agency
15 June 1988
PO Box 5516, West Chatswood NSW 1515