Attorney-General's
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.

Further information

  • Type of Body

    R. Management Board

  • Established By / Under

    PGPA Rule (Schedule 1)

  • Paid Members?

    No

  • Max No. of Board/Committee Members

    0

  • Annual Report Prepared and tabled?

    Yes

  • Classification

    X. Internal Management

  • Auditor

    ANAO

  • Function Categorization

    Regulatory / Review / Inquiry / Commission

  • Creation Date

    15 June 1988

Current board appointments

Position Appointee Start Date End Date
CEO/Executive Director/Managing Director Ms Ms. Nicole Rose PSM 13 November 2017 12 November 2022
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