Australia

AUSTRAC is a statutory authority of the Australian Government and also the designated financial intelligence unit for the country. It sits at the crossroads of financial sector regulation, intelligence, and law enforcement by gathering transaction reports from regulated entities and turning that data into financial intelligence for use by domestic and international partner agencies.

Enforces Australia’s AML/CTF regime; registers and oversees reporting entities; evaluates AML/CTF programs, customer due diligence and reporting compliance; handles suspicious matter, threshold transaction and international funds transfer reports; carries out investigations and enforcement actions; publishes regulatory guidelines; and exchanges financial intelligence with FIUs that are involved in law enforcement, national security, revenue and foreign jurisdictions.