Although noted in the December 2018 Regulatory Update, we again take this opportunity to remind Reporting Entities of this requirement.
The Compliance Report asks questions about how a Reporting Entity has met its anti-money laundering and counter-terrorism financing obligations over the 2018 calendar year. The Compliance Report includes information about an entity’s AML/CTF Programs, customer identification procedures and reporting obligations.
AUSTRAC created an animated video ‘AUSTRAC Compliance Report 2018’ to assist. The video is available in eight languages and is found here http://austrac.gov.au/businesses/obligations-and-compliance/amlctf-compliance-reports.
To lodge the Compliance Report:
- go to your AUSTRAC Online account
- expand the ‘My Business’ menu
- select ‘Compliance Report’
- select ‘Open Compliance Report’.
If further assistance is required, contact AUSTRAC at firstname.lastname@example.org or phone 1300 021 037.