Australian Transaction Reports and Analysis Centre
(AUSTRAC)
Home Affairs
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.
ABN 32 770 513 371
13 3677
Appropriations 103786000
Departmental expenses 98522000
Average staffing level 428
Key People
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Ms. Nicole Rose PSM
(02) 9950 0054
Level 7, Tower A, Zenith Centre, 821 Pacific Highway, Chatswood
PO Box 5516, West Chatswood NSW 1515
Sections
Further information
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Type of Body
A. Non Corporate Commonwealth Entity
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GFS Sector Classification
GGS
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Established By / Under
PGPA Rule (Schedule 1)
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Annual Report Prepared and tabled?
Yes
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Classification
A. Principal
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Materiality
Small
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GFS Function / Sector Reported
Public Order and Safety
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PS Act Body
Yes - Statutory Agency
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Auditor
ANAO
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Creation Date
15 June 1988
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Postal Address
PO Box 5516, West Chatswood NSW 1515
Government appointed boards
Last updated: