AUSTRAC is the Australian Government agency responsible for detecting, deterring and disrupting criminal abuse of the financial system to protect the community from serious and organised crime.
It collaborates with national security and law enforcement partners and the financial services industry to detect, disrupt and deter criminal abuse of the financial system to protect the community from serious and organised crime.
AUSTRAC’s financial intelligence specialists collaborate with law enforcement and national security partners to identify national security threats and detect and disrupt criminal networks and the proceeds of their crimes.
As part of the NIC, AUSTRAC works together with government agencies, as well as state and federal law enforcement, to support whole of government priorities.
AUSTRAC is a member of Commonwealth and national state task forces. It provides specialist financial intelligence to national security and serious and organised crime efforts.
To combat money laundering and terrorism financing across borders, AUSTRAC shares intelligence with other financial intelligence units and regulators internationally.
AUSTRAC also contributes to international efforts to combat transnational serious and organised crime. It does so by playing an active role in international AML/CTF organisations and by providing technical assistance and training.
AUSTRAC regulates more than 15,000 businesses to protect them, and Australia’s financial system and community, from criminal abuse. It protects the integrity of the financial system by making sure regulated entities comply with the law, and can take legal action in cases of non-compliance.
Fintel Alliance, an AUSTRAC initiative, brings together government and private sector organisations to increase the resilience of the financial sector and contribute to law enforcement investigations.
