Australia’s AML/CTF Laws Are Regulated By AUSTRAC

is responsible for preventing, detecting and responding to criminal abuse of the financial system to protect the community from serious and organised crime.

Four new ML/TF risk assessments for Australia’s banking sector

Learn about the criminal threats and vulnerabilities facing major banks, other domestic banks, foreign subsidiary banks and foreign bank branches operating in Australia.

Risk assessments

Risk assessments examine current money laundering and terrorism financing threats and vulnerabilities in specific parts of Australia’s financial sector.

They are a resource for reporting entities to use to refine internal controls and to meet your reporting obligations, particularly in relation to suspicious matter reporting.

Risk assessments bring together insights from industry with intelligence from AUSTRAC and our partner agencies to provide a comprehensive assessment of ML/TF risks relevant to a specific sector or product.