AUSTRAC is inviting businesses to submit their annual compliance report.
The anti-money laundering and counter-terrorism financing (AML/CTF) regulator is calling on businesses to lodge their 2016 compliance report through AUSTRAC Online as soon as possible.
The annual compliance report is a self-assessment of your business’ AML/CTF compliance during the 2016 calendar year, which is by 31 March 2017.
It is a legal obligation to lodge an annual compliance report.
Your compliance report is important to AUSTRAC.
AUSTRAC uses the information to broadly assess if you are protecting your business from criminals wanting to launder illicit money or fund terrorism.
AUSTRAC also uses it to identify needs for extra guidance and support to help those businesses that report they are struggling to meet their AML/CTF obligations.
An instruction guide for submitting CR16 is available online at the AUSTRAC website.
Calls or emails to the AUSTRAC are also welcome:
E: contact@austrac.gov.au
T: 1300 021 037
Kimberley Malcolm
Manager Member Services