Australian Transaction Reports and Analysis Centre
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regulator and financial intelligence unit (FIU).
As the AML/CTF regulator, AUSTRAC oversees compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and the Financial Transaction Reports Act 1988 by businesses across diverse industry sectors. These businesses include financial services providers, the gambling industry, bullion dealers and remittance service providers.
As Australia’s FIU, AUSTRAC analyses and disseminates financial intelligence to its government partner agencies and certain international counterparts to assist in the investigation and prosecution of serious criminal activity, including terrorism financing, organised crime and tax evasion.