The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia's anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit. AUSTRAC was established under the Financial Transaction Reports Act 1988 (FTR Act) and is continued in existence by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).
In our regulatory role, we oversee compliance with the requirements of the FTR Act by a wide range of financial services providers, the gambling industry and others. Since 12 December 2006, we also oversee compliance with the AML/CTF Act, which comes into effect on various dates from 12 December 2006 to 12 December 2008.
In our intelligence role, we provide information to State, Territory and Australian Government law enforcement, security, social justice and revenue agencies.
04-JUL-2008
|
