{ "entity_id": "O-000788", "folder": "Australian-Transaction-Reports-and-Analysis-Centre", "name": "Australian Transaction Reports and Analysis Centre", "type": "Non-corporate Commonwealth Entity", "jurisdiction": "Commonwealth", "portfolio": "Home Affairs", "website": "http://www.austrac.gov.au", "data_status": "rich", "completeness": { "has_strategy_brief": true, "has_strategy_structured": true, "has_vision": true, "has_kpi_targets": true, "has_kpi_results": true, "has_strategy_overview": true, "has_legislation_text": true, "has_legislation_structured": true, "has_global_initiatives_text": true, "has_ideas": true, "has_artifacts": true, "n_ideas": 8, "n_legislation": 3, "n_artifacts": 12, "n_kpi_targets": 4, "n_kpi_results": 13, "n_outcomes": 3, "verified_own_data": true }, "strategy_profile": { "status": "published", "confidence": "high", "summary": "To build resilience in the financial system and use financial intelligence and regulation to detect, deter and disrupt money laundering, terrorism financing, and other serious crime [AR p.17]", "official_site_url": "http://www.austrac.gov.au", "source_documents": [ { "type": "annual_report", "title": "AUSTRAC annual report 2024-25 (PDF, 5.38MB)", "url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "period": "2024-25", "confidence": "high" }, { "type": "annual_report", "title": "AUSTRAC annual report 2023-24 (PDF, 8.42MB)", "url": "https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf", "period": "2023-24", "confidence": "high" }, { "type": "annual_report", "title": "AUSTRAC annual report 2022-23 (PDF, 5.41MB)", "url": "https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf", "period": "2022-23", "confidence": "high" }, { "type": "annual_report", "title": "AUSTRAC annual report 2021-22 (PDF, 5.84MB)", "url": "https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf", "period": "2021-22", "confidence": "high" }, { "type": "annual_report", "title": "AUSTRAC annual report 2020-21 (PDF, 3.93MB)", "url": "https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf", "period": "2020-21", "confidence": "high" }, { "type": "corporate_plan", "title": "AUSTRAC corporate plan 2025-2029", "url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "period": "2025", "confidence": "high" }, { "type": "corporate_plan", "title": "AUSTRAC corporate plan 2024-2028", "url": "https://www.austrac.gov.au/sites/default/files/2024-08/AUSTRAC%20Corporate%20Plan%202024-28.pdf", "period": "2024", "confidence": "high" }, { "type": "corporate_plan", "title": "AUSTRAC corporate plan 2023-2027", "url": "https://www.austrac.gov.au/sites/default/files/2023-08/AUSTRAC_CorporatePlan2023_web.pdf", "period": "2023", "confidence": "high" }, { "type": "corporate_plan", "title": "AUSTRAC corporate plan 2022-2026", "url": "https://www.austrac.gov.au/sites/default/files/2022-08/AUSTRAC_CorporatePlan2022_web.pdf", "period": "2022", "confidence": "high" }, { "type": "corporate_plan", "title": "AUSTRAC corporate plan 2021-2025", "url": "https://www.austrac.gov.au/sites/default/files/2021-08/AUSTRAC_Corporate_Plan_2021-25_v2.pdf", "period": "2021", "confidence": "high" } ], "purpose": { "text": "To build resilience in the financial system and use financial intelligence and regulation to detect, deter and disrupt money laundering, terrorism financing, and other serious crime [AR p.17]", "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": 17, "source_deep_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=17" }, "vision": { "text": "A community protected from financially enabled crime [AR p.5]", "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": 5, "source_deep_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=5" }, "strategic_priorities": [ { "title": "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities", "description": "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities", "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": 9, "source_deep_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=9" } ], "values": [ { "name": "Trusted", "description": "", "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": null }, { "name": "Inclusive", "description": "", "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": null }, { "name": "Collaborative", "description": "", "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": null }, { "name": "Impactful", "description": "", "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": null } ], "outcomes": [ { "name": "Priority 1: Successfully implement the Government’s AML/CTF reforms", "description": "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities", "activities": [ "'Tranche 2' entities understand their AML/CTF obligations and start appropriately managing their ML/TF/PF risks" ], "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": 11, "source_deep_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=11" }, { "name": "Priority 2: Transform into a world leading data driven digital agency", "description": "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities", "activities": [ "Identify critical capabilities, access professional development programs, and expand core skills offerings" ], "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": 11, "source_deep_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=11" }, { "name": "Priority 3: Embed new sectors into the regime to a global standard", "description": "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities", "activities": [ "Develop guidance and 'starter kits' comprising risk assessments and AML/CTF programs for smaller, less complex businesses" ], "source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "source_page": 11, "source_deep_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=11" } ], "performance_measures": [ { "code": "1", "measure": "Improvement in key indicators of money laundering and terrorism financing risk in response to key risks", "target": "Establish a baseline", "latest_result": "", "status": "", "target_source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "target_source_page": 37, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": null }, { "code": "2", "measure": "Percentage of regulatory activities targeted at reporting entities exposed to the highest inherent risk", "target": "Establish a baseline", "latest_result": "", "status": "", "target_source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "target_source_page": 37, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": null }, { "code": "3", "measure": "Improvement or maintenance of Partnership Engagement Score", "target": "Establish a baseline", "latest_result": "", "status": "", "target_source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "target_source_page": 38, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": null }, { "code": "4", "measure": "Improvement or maintenance of ratio of intelligence products to partner substantive action", "target": "Establish a baseline", "latest_result": "", "status": "", "target_source_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "target_source_page": 39, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": null }, { "code": "1.1", "measure": "Percentage of referrals to selected taskforces that generated an outcome", "target": "", "latest_result": "65%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 41 }, { "code": "1.2", "measure": "Percentage of intelligence products that identified a new theme, threat or insight", "target": "", "latest_result": "50%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 42 }, { "code": "1.3", "measure": "Percentage of financial intelligence exchanges that are with prioritised foreign FIUs", "target": "", "latest_result": "62%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 43 }, { "code": "2.1", "measure": "Percentage of event/workshop attendees/e-learning participants who reported a MODERATE (or higher) improvement in their understanding of the AML/CTF obligations", "target": "", "latest_result": "68%", "status": "Not achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 44 }, { "code": "2.2", "measure": "Percentage of relevant stakeholders who reported a MODERATELY (or higher) rating on the usefulness of AUSTRAC’s guidance materials", "target": "", "latest_result": "87%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 45 }, { "code": "2.3", "measure": "Percentage of stakeholders who report AUSTRAC’s intelligence products had a MODERATE (or higher) level impact on their understanding of vulnerabilities in the financial system", "target": "", "latest_result": "72%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 45 }, { "code": "3.1", "measure": "Percentage of reporting entities who strengthened their AML/CTF controls after AUSTRAC engagement", "target": "", "latest_result": "71%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 45 }, { "code": "3.2", "measure": "Percentage of reporting entities who submitted their compliance reports on time", "target": "", "latest_result": "83%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 45 }, { "code": "3.3", "measure": "Percentage of regulatory work proactively identified by AUSTRAC", "target": "", "latest_result": "77%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 45 }, { "code": "3.4", "measure": "Percentage of externally-funded international capability development programs, which realised a capability uplift", "target": "", "latest_result": "100%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 45 }, { "code": "3.5", "measure": "Number of Fintel Alliance-coded suspicious matter reports (SMRs) received", "target": "", "latest_result": "18,791", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 45 }, { "code": "4.1", "measure": "Percentage of stakeholders who rated the impact of AUSTRAC’s financial intelligence to their work as having SOMEWHAT OF AN IMPACT (or higher)", "target": "", "latest_result": "80%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 45 }, { "code": "4.2", "measure": "Percentage of partner agency AWB users who rated the impact of AUSTRAC’s data available via AWB to their work as SOMEWHAT OF AN IMPACT (or higher)", "target": "", "latest_result": "98%", "status": "Achieved", "target_source_url": "", "target_source_page": null, "result_source_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "result_source_page": 45 } ], "document_alignment_terms": { "must_support": [ "To build resilience in the financial system and use financial intelligence and regulation to detect, deter and disrupt money laundering, terrorism financing, and other serious crim", "A community protected from financially enabled crime [AR p.5]", "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities" ], "watch_terms": [ "Improvement in key indicators of money laundering and terrorism financing risk in response to key risks", "Percentage of regulatory activities targeted at reporting entities exposed to the highest inherent risk", "Improvement or maintenance of Partnership Engagement Score", "Improvement or maintenance of ratio of intelligence products to partner substantive action", "Percentage of referrals to selected taskforces that generated an outcome", "Percentage of intelligence products that identified a new theme, threat or insight", "Percentage of financial intelligence exchanges that are with prioritised foreign FIUs", "Percentage of event/workshop attendees/e-learning participants who reported a MODERATE (or higher) improvement in their understanding of the AML/CTF obligations", "Percentage of relevant stakeholders who reported a MODERATELY (or higher) rating on the usefulness of AUSTRAC’s guidance materials", "Percentage of stakeholders who report AUSTRAC’s intelligence products had a MODERATE (or higher) level impact on their understanding of vulnerabilities in the financial system", "Percentage of reporting entities who strengthened their AML/CTF controls after AUSTRAC engagement", "Percentage of reporting entities who submitted their compliance reports on time" ], "avoid_claiming_without_evidence": [] }, "review_note": "" }, "strategy_brief_md": "# Australian Transaction Reports and Analysis Centre — Strategy Brief\n\n**Reporting period**: 2024-25\n**Corporate plan in force**: 2025-26\n**Annual Report**: [2024-25](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)\n**Corporate Plan**: [2025-26](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf)\n\n## Vision\n\n> A community protected from financially enabled crime [AR p.5](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=5) [[CP p.5](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=5)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=5)]\n\n## Our purpose / purposes\n\n> To build resilience in the financial system and use financial intelligence and regulation to detect, deter and disrupt money laundering, terrorism financing, and other serious crime [AR p.17](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=17) [[CP p.17](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=17)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=17)]\n\n## How we deliver\n\n> Our purpose is demonstrated by the following activities: Discover, understand, strengthen, disrupt [AR p.18](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=18) [[CP p.18](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=18)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=18)]\n\n## Government priorities for this department\n\n- Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities [[CP p.9](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=9)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=9)]\n\n## Outcomes\n\n### Priority 1: Successfully implement the Government’s AML/CTF reforms\nEfforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities [[CP p.11](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=11)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=11)]\n\n**Key activities:**\n- 'Tranche 2' entities understand their AML/CTF obligations and start appropriately managing their ML/TF/PF risks\n\n### Priority 2: Transform into a world leading data driven digital agency\nEfforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities [[CP p.11](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=11)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=11)]\n\n**Key activities:**\n- Identify critical capabilities, access professional development programs, and expand core skills offerings\n\n### Priority 3: Embed new sectors into the regime to a global standard\nEfforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities [[CP p.11](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=11)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=11)]\n\n**Key activities:**\n- Develop guidance and 'starter kits' comprising risk assessments and AML/CTF programs for smaller, less complex businesses\n\n## Values and principles\n\n- Trusted\n- Inclusive\n- Collaborative\n- Impactful\n\n## What they will measure themselves on this year (targets from 2025-26 corporate plan)\n\n| Code | Measure | Target | Source |\n|---|---|---|---|\n| 1 | Improvement in key indicators of money laundering and terrorism financing risk in response to key risks | Establish a baseline | [CP p.37](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=37)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=37) |\n| 2 | Percentage of regulatory activities targeted at reporting entities exposed to the highest inherent risk | Establish a baseline | [CP p.37](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=37)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=37) |\n| 3 | Improvement or maintenance of Partnership Engagement Score | Establish a baseline | [CP p.38](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=38)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=38) |\n| 4 | Improvement or maintenance of ratio of intelligence products to partner substantive action | Establish a baseline | [CP p.39](https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=39)(https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf#page=39) |\n\n## How they performed last year (results from 2024-25 annual report)\n\n| Code | Measure | Result | Status | Source |\n|---|---|---|---|---|\n| 1.1 | Percentage of referrals to selected taskforces that generated an outcome | 65% | Achieved | [AR p.41](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=41)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=41) |\n| 1.2 | Percentage of intelligence products that identified a new theme, threat or insight | 50% | Achieved | [AR p.42](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=42)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=42) |\n| 1.3 | Percentage of financial intelligence exchanges that are with prioritised foreign FIUs | 62% | Achieved | [AR p.43](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=43)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=43) |\n| 2.1 | Percentage of event/workshop attendees/e-learning participants who reported a MODERATE (or higher) improvement in their understanding of the AML/CTF obligations | 68% | Not achieved | [AR p.44](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=44)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=44) |\n| 2.2 | Percentage of relevant stakeholders who reported a MODERATELY (or higher) rating on the usefulness of AUSTRAC’s guidance materials | 87% | Achieved | [AR p.45](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45) |\n| 2.3 | Percentage of stakeholders who report AUSTRAC’s intelligence products had a MODERATE (or higher) level impact on their understanding of vulnerabilities in the financial system | 72% | Achieved | [AR p.45](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45) |\n| 3.1 | Percentage of reporting entities who strengthened their AML/CTF controls after AUSTRAC engagement | 71% | Achieved | [AR p.45](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45) |\n| 3.2 | Percentage of reporting entities who submitted their compliance reports on time | 83% | Achieved | [AR p.45](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45) |\n| 3.3 | Percentage of regulatory work proactively identified by AUSTRAC | 77% | Achieved | [AR p.45](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45) |\n| 3.4 | Percentage of externally-funded international capability development programs, which realised a capability uplift | 100% | Achieved | [AR p.45](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45) |\n| 3.5 | Number of Fintel Alliance-coded suspicious matter reports (SMRs) received | 18,791 | Achieved | [AR p.45](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45) |\n| 4.1 | Percentage of stakeholders who rated the impact of AUSTRAC’s financial intelligence to their work as having SOMEWHAT OF AN IMPACT (or higher) | 80% | Achieved | [AR p.45](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45) |\n| 4.2 | Percentage of partner agency AWB users who rated the impact of AUSTRAC’s data available via AWB to their work as SOMEWHAT OF AN IMPACT (or higher) | 98% | Achieved | [AR p.45](https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45)(https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf#page=45) |", "strategy_overview_evidence_md": null, "internal_strategy_evidence_md": "# Australian Transaction Reports and Analysis Centre - Strategy, Performance, and Operating Profile\n\n**Generated at**: 2026-05-09T22:05:16.593749+00:00\n**Entity ID**: O-000788\n**Entity type**: Non-corporate Commonwealth Entity\n**Jurisdiction**: Commonwealth\n**Portfolio**: Home Affairs\n**Website**: http://www.austrac.gov.au\n\n> Draft generated from scraped source material. Treat this as an evidence pack for editorial review, not a final judgement.\n\n## Source Coverage\n\n| Source type | Count |\n|---|---:|\n| annual-reports | 5 |\n| corporate-plans | 5 |\n| global-intelligence | 3 |\n| other-pdfs | 2 |\n| pages | 40 |\n\n## Executive Readout\n\n### Purpose\n\n- [Page 202]\nO People’s Republic of China 40\nperformance 29–71\nobjectives of agency 15\nanalysis 31\n‘One AUSTRAC’ philosophy 111 measures 31–71\nperformance framework 29\nonline gambling proceeds, illegal 83 planning and 96\nreporting requirements 30\nOperation Avarus-Nightwolf 78\nresults, summary of 32–71\nOperation Huntsman 99 statements 2023–24 29\nsurvey 68–9\nOperation Salem 12, 84–5\npersonal loan fraud 82\norganisation chart 22–3\nPhilippines Program 58\norganisational structure 22–3\npillars, strategic 15, 111\norganised crime 11, 16, 20, 29, 74, 77\ntransnational 78 planning and performance reporting 96\noutcome of agency 15 Portfolio Budget Statement (PBS) 29\nprinciples of regulator best practice 30\nP\nprocurement 101\nPacific Financial Intelligence Community\ninitiatives to support small\n(PFIC) 20, 40\nbusiness 105–6\nPacific FIUs 58\nProject Anton 86\nPacific Partnership Program 58\n Source: `annual-reports/2023-24.pdf (https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf)`\n- [Page 9]\nOUR PURPOSE\nVISION\nA community protected from financially enabled crime\nOUTCOME\nThe protection of the financial system from criminal abuse through actionable financial\nintelligence and regulation and collaboration with domestic and international partners\nPURPOSE\nTo build resilience in the financial system and use financial intelligence and regulation to\ndetect, deter and disrupt money laundering, terrorism financing, and other serious crime\nVALUES\nOur values are expressed through our culture statement\nTr\nusted\nI\nn\nclusive\nC\nollaborative\nI\nm\npactful\nKEY ACTIVITIES\nOur purpose is demonstrated by the following activities\nDi s\ncover\nn d\nerstand Strengthen Disrupt\nU\nPRIORITIES\nPriority 1 Priority 2 Priority 3\nEfforts are directed to areas of Successfully implement the Transform into a world leading\n Source: `corporate-plans/2024.pdf (https://www.austrac.gov.au/sites/default/files/2024-08/AUSTRAC%20Corporate%20Plan%202024-28.pdf)`\n- [Page 14]\nROLE AND FUNCTIONS\nAUSTRAC is a non-corporate Commonwealth Our purpose is underpinned by the objectives\nentity in the Attorney-General’s portfolio. of the Anti-Money Laundering and Counter-\nDuring 2022–23 AUSTRAC reported to the Terrorism Financing Act 2006 (AML/CTF Act),\nHon Mark Dreyfus KC MP, Attorney-General. which include to:\nAs Australia’s anti-money laundering and • support cooperation and collaboration\ncounter-terrorism financing (AML/CTF) among reporting entities, AUSTRAC and\nregulator and financial intelligence unit other government agencies—particularly\n(FIU), AUSTRAC is responsible for detecting, law enforcement agencies—to detect,\ndeterring and disrupting criminal exploitation deter and disrupt money laundering and\nof the Australian financial system, to protect terrorism financing (ML/TF) and other\nthe Australian community from serious and serious financial crimes\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- 5% at the APS 4 – APS 6 5% at the EL 1 to EL 2 3% for the Senior Executive\nlevels by the end of 2022 levels by the end of 2024 Service by 2024\n*Self Reported in 2021 APS Employee Census\nTop 5 countries of birth AUSTRAC locations\nAUSTRAC Australia\nAustralia: 74.6% Australia: 70.9%\nIndia: 2.4% England: 3.8%\nChina:* 2% India: 2.8%\nBrisbane 7.8%\nSri Lanka: 2% China:* 2.3%\nEngland: 1.8% New Zealand: 2.2%\nPerth 0.8% Sydney 39%\nAdelaide 0.4% Canberra 19.3%\n*excluding SARs and Taiwan\nMelbourne 31.4%\nOverseas 1.2%\nTop 5 languages used at home\nHobart 0%\nAUSTRAC Australia\nEnglish: 70.9% English: 72.0%\nWorking at AUSTRAC\nCantonese: 3.5% Mandarin: 2.7%\nVietnamese: 2.2% Arabic: 1.4% 97% of staff were happy to go the\n'extra mile' at work when required\nChinese: 2% Vietnamese: 1.3%\nArabic: 1.6% Cantonese: 1.2% 95% of staff believed strongly in\nAUSTRAC's purpose and objectives\n Source: `corporate-plans/2022.pdf (https://www.austrac.gov.au/sites/default/files/2022-08/AUSTRAC_CorporatePlan2022_web.pdf)`\n\n### Role and Functions\n\n- [Page 14]\nROLE AND FUNCTIONS\nAUSTRAC is a non-corporate Commonwealth Our purpose is underpinned by the objectives\nentity in the Attorney-General’s portfolio. of the Anti-Money Laundering and Counter-\nDuring 2022–23 AUSTRAC reported to the Terrorism Financing Act 2006 (AML/CTF Act),\nHon Mark Dreyfus KC MP, Attorney-General. which include to:\nAs Australia’s anti-money laundering and • support cooperation and collaboration\ncounter-terrorism financing (AML/CTF) among reporting entities, AUSTRAC and\nregulator and financial intelligence unit other government agencies—particularly\n(FIU), AUSTRAC is responsible for detecting, law enforcement agencies—to detect,\ndeterring and disrupting criminal exploitation deter and disrupt money laundering and\nof the Australian financial system, to protect terrorism financing (ML/TF) and other\nthe Australian community from serious and serious financial crimes\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- [Page 45]\nRISK MANAGEMENT\nRisks Risk controls\nFailure to effectively • Ongoing stakeholder management and engagement\nmanage AUSTRAC’s\n• Promotion of joint-outcomes with task force, portfolio, law\nreputation.\nenforcement and national security partners to better inform\nof AUSTRAC’s role in supporting national law enforcement\nand intelligence priorities\n• Represent AUSTRAC’s interest in engagement on international\nAML/CTF policy\n• Timely and effective engagement with reporting entities through\neducation, communication, policy and regulatory capability project\nwork\nFailure to respond • Leverage domestic and international relationships and\neffectively to internal engagements to share experience and better understand\nand external change. emerging risks and threats\n• Conduct appropriate enforcement actions in accordance with\nAUSTRAC’s approach to regulation\n Source: `corporate-plans/2022.pdf (https://www.austrac.gov.au/sites/default/files/2022-08/AUSTRAC_CorporatePlan2022_web.pdf)`\n- 2024–25 2025–26 2026–27 2027–28\nTargets\n70% or greater As per 2024–25\nSource AUSTRAC Portfolio Budget Statements 2024–25 Program 1.1. page 216\nSharing our knowledge in a way that is of use to stakeholders and partners is\nRationale integral to our function.\n Source: `corporate-plans/2024.pdf (https://www.austrac.gov.au/sites/default/files/2024-08/AUSTRAC%20Corporate%20Plan%202024-28.pdf)`\n- 2024–25 2025–26 2026–27 2027–28\nTargets\n75% or greater As per 2024–25\nSource AUSTRAC Portfolio Budget Statements 2024–25 Program 1.1. page 217\nAUSTRAC is seeking to increase our proportion of proactively identified\nwork – that is, breaches not voluntarily disclosed to AUSTRAC by a reporting\nRationale\nentity – across the regulation and enforcement functions.\n Source: `corporate-plans/2024.pdf (https://www.austrac.gov.au/sites/default/files/2024-08/AUSTRAC%20Corporate%20Plan%202024-28.pdf)`\n- Target: Source:\n70% AUSTRAC Corporate Plan 2021-25 p40\nPortfolio Budget Statements 2021-22,\nAchieved\nProgram 1.1. p195\n100%\nOver the 2021-22 period, the target for this measure was surpassed with 100% of streamlining\nopportunities, identified by an AUSTRAC enabling function, resulting in a realised efficiency.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- Name of the accountable authority or each\n17AE(1)(aa)(i) 24 Mandatory\nmember of the accountable authority\nPosition title of the accountable authority or\n17AE(1)(aa)(ii) 24 Mandatory\neach member of the accountable authority\nPeriod as the accountable authority or\n17AE(1)(aa)(iii) 24 member of the accountable authority within Mandatory\nthe reporting period\nPortfolio\nAn outline of the structure of the portfolio\n17AE(1)(b) N/A departments\nof the entity.\nmandatory\nWhere the outcomes and programs\nadministered by the entity differ from\nany Portfolio Budget Statement, Portfolio\nIf applicable,\n17AE(2) N/A Additional Estimates Statement or other\nMandatory\nportfolio estimates statement that was\nprepared for the entity for the period, include\ndetails of variation and reasons for change.\n Source: `annual-reports/2023-24.pdf (https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf)`\n\n### Strategic Priorities\n\n- [Page 131]\nFINTEL ALLIANCE\nOPERATIONAL\nSTRATEGY\nThe Fintel Alliance Operational Strategy, along • deliver the money laundering and\nwith the Executive Board’s strategic direction, terrorism financing risk assessments\noutlines key initiatives and strategic enablers program\nfor the PPP, as well as how it will achieve\n• identify and pursue operational activities\ndesired outcomes and measure success.\nthat will deliver broader socio-economic\nbenefits to the Australian community,\nThe 2020-23 operational strategy identifies\nand produce prevention and disruption\nthe following strategic priorities to be carried\noutcomes\nforward by the partnership:\n• demonstrate and make visible the\n• develop a stronger shared\nvalue of Fintel Alliance, through\nunderstanding of the threats posed by\neffective performance reporting\nmoney laundering, terrorism financing\nand communication of outcomes.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- [pages 30,31,32,33,34]\nGovernance • Business Continuity\n• Regulation • Finance • Financial Intelligence\n• People\n• Third Party • Physical Security and Safety\n• Information Management,\nInformation Security • Legal and Compliance • Conduct and Integrity\n(including cyber events)\nand Data Protection • Strategic Priorities • Data Management and Use\n• Program and Project\nManagement\nGovernance Finance\nData\nManagement Third Party\nTechnology\nand Use\nRegulation\nPeople\nConduct Legal and\nand Integrity Compliance\nInformation Management,\nInformation Security (including\ncyber events) and Data Protection\nProgram and Project\nPhysical Security Management Strategic\nand Safety Priorities\nFinancial Business\nIntelligence Continuity\nFigure 1: AUSTRAC’s risk categories\n29 / 42\n Source: `corporate-plans/2025.pdf (https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf)`\n- [Page 199]\nAPPENDICES\nenforceable undertakings 12 financial performance 147\nevents occurring after balance date 147\nenforcement action 19\nfinancial statements 154–82\nenforcement investigations 51\nFinancial Transaction Reports Act 1988\nengagement 41–5\ncompliance with 19\nenvironmental crime 79\nFinancial Transactions and Reports Analysis\nCentre of Canada (FINTRAC) 86\nenvironmental performance 107\nFintel Alliance 12, 73\nerrors in previous annual report\nCollaborative Analytics Hub 76\ncorrection of 109\nfinancial crime guides 81, 83\nexecutive remuneration 114, 140–5 information sharing platform 75\nMember Protocol, revision of 76\nexecutive team 24\nnature and purpose 73\noperational highlights 9, 77–81\nexternal scrutiny 100–1\npartners 12, 20, 89\nproject closures 86–8\nF\nSMRs 60–1\nstrategic priorities 74–5\nfinance law compliance 98\nthreat alerts 81–2\nFinance and Resourcing Sub-Committee 91 work 73\n Source: `annual-reports/2023-24.pdf (https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf)`\n- PURPOSE\nTo build resilience in the financial system and use financial intelligence and regulation to\ndetect, deter and disrupt money laundering, terrorism financing, and other serious crime\nVALUES\nOur values are expressed through our culture statement\nTr\nusted\nI\nn\nclusive\nC\nollaborative\nI\nm\npactful\nKEY ACTIVITIES\nOur purpose is demonstrated by the following activities\nKey activity 2\nKey activity 1\nFinancial\nAML/CTF\nIntelligence\nRegulator\nUnit (FIU)\nPRIORITIES\nPriority 1 Priority 2 Priority 3\nEfforts are directed to areas of Successfully implement the Transform into a world leading\nhighest risk and harm as defined Government’s AML/CTF reforms data driven digital agency\nby the NRA, NIC missions and and embed new sectors into in financial regulation and\nSOCCC priorities1 the regime to a global standard intelligence\nEnabling priorities\ni.\n Source: `corporate-plans/2025.pdf (https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf)`\n- The Commonwealth Procurement\nFinancial Requests Number Rules are applied when procuring goods and\nyear received of pages services, including consultancies.\nconsidered\nduring the Our Procurement and Contracts team provides\nperiod strategic advice to agency staff on procurement\nand establishment of contracts that supports\n2020-21 374 4,436 the agency’s purpose and strategic priorities.\n Source: `annual-reports/2020-21.pdf (https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf)`\n- [Page 19]\nKEY CAPABILITIES\nOUR CAPABILITIES\nIn August 2024 a new organisational structure Our regulatory activities include:\ntook effect, positioning AUSTRAC to deliver on\n• identifying new and emerging risks\nour strategic priorities, undertake our key activities\nand achieve our purpose.\n Source: `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)`\n- [Page 9]\nOUR PURPOSE\nVISION\nA community protected from financially enabled crime\nOUTCOME\nThe protection of the financial system from criminal abuse through actionable financial\nintelligence and regulation and collaboration with domestic and international partners\nPURPOSE\nTo build resilience in the financial system and use financial intelligence and regulation to\ndetect, deter and disrupt money laundering, terrorism financing, and other serious crime\nVALUES\nOur values are expressed through our culture statement\nTr\nusted\nI\nn\nclusive\nC\nollaborative\nI\nm\npactful\nKEY ACTIVITIES\nOur purpose is demonstrated by the following activities\nDi s\ncover\nn d\nerstand Strengthen Disrupt\nU\nPRIORITIES\nPriority 1 Priority 2 Priority 3\nEfforts are directed to areas of Successfully implement the Transform into a world leading\n Source: `corporate-plans/2024.pdf (https://www.austrac.gov.au/sites/default/files/2024-08/AUSTRAC%20Corporate%20Plan%202024-28.pdf)`\n- [Page 29]\nOPERATING CONTEXT - RISK\nAUSTRAC risk categories\nKey risk categories Other risk categories\n• Technology • Governance • Business Continuity\n• Regulation • Finance • Financial Intelligence\n• People\n• Third Party • Physical Security and Safety\n• Information Management,\nInformation Security • Legal and Compliance • Conduct and Integrity\n(including cyber events)\nand Data Protection • Strategic Priorities • Data Management and Use\n• Program and Project\nManagement\nGovernance Finance\nData\nManagement Third Party\nTechnology\nand Use\nRegulation\nPeople\nConduct Legal and\nand Integrity Compliance\nInformation Management,\nInformation Security (including\ncyber events) and Data Protection\nProgram and Project\nPhysical Security Management Strategic\nand Safety Priorities\nFinancial Business\nIntelligence Continuity\nFigure 1: AUSTRAC’s risk categories\n29 / 42\n Source: `corporate-plans/2025.pdf (https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf)`\n- [Page 203]\nAPPENDICES\nFintel Alliance 9, 68 freedom of information 98\nabout 69 requests 98\nCollaborative Analytics Hub 70, 73 Freedom of Information Act 1982 98\nevolution for future 73–4 fugitive(s)\nexpansion 12, 74 apprehension of 76\nfinancial crime guide 81, 82 functions of agency 17\ninformation sharing 69\nMember Protocol, updated 72\nG\nmembership 9\ngambling\nobjective 72\ni llegal online, community awareness\noperational highlights 9, 75–6\nof 75–6\npartners 12, 20, 84–5\nglossary 196–7\nproject closures 81–3\nGounder, Sam 24, 30\nSMRs 9, 59–60\ngovernance committees 88, 89\nstrategic priorities 70–1\ngovernance framework 88–97\nthreat alerts 79–80\ngrants 99, 104\nwork 69\ngreenhouse gas emissions\nworking groups 77–9\nelectricity 107\nyear in review 70\nlocation, by 106\nFive Eyes 44\nguidance publications 9, 11, 36\npublic-private partnership round\naccess and downloads 67\ntable 78–9\n Source: `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)`\n- [pages 203,204,205,206,207,208,209]\n1982 98\nevolution for future 73–4 fugitive(s)\nexpansion 12, 74 apprehension of 76\nfinancial crime guide 81, 82 functions of agency 17\ninformation sharing 69\nMember Protocol, updated 72\nG\nmembership 9\ngambling\nobjective 72\ni llegal online, community awareness\noperational highlights 9, 75–6\nof 75–6\npartners 12, 20, 84–5\nglossary 196–7\nproject closures 81–3\nGounder, Sam 24, 30\nSMRs 9, 59–60\ngovernance committees 88, 89\nstrategic priorities 70–1\ngovernance framework 88–97\nthreat alerts 79–80\ngrants 99, 104\nwork 69\ngreenhouse gas emissions\nworking groups 77–9\nelectricity 107\nyear in review 70\nlocation, by 106\nFive Eyes 44\nguidance publications 9, 11, 36\npublic-private partnership round\naccess and downloads 67\ntable 78–9\nusefulness 36, 38, 47–8, 66, 67\nfraud control and integrity 95–6\n203 / 216\n Source: `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)`\n\n## KPIs, Targets, and Where They Are At\n\n- RESULTS LEGEND\nAchieved Not achieved\nTable 1: Summary of results against our performance measures during 2023–24\nPerformance measure Target Result\nDiscover\n1.1.\n Source: `annual-reports/2023-24.pdf (https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf)`\n- RESULTS LEGEND\nAchieved Not achieved\nTable 1: Summary of results against our performance measures during 2024–25\nPerformance measure Target Result\nDiscover\n1.1.\n Source: `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)`\n- RESULTS LEGEND\nAchieved Not achieved\nPerformance measure Target Result\nDiscover\n1.1.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- Levy collection costs as a percentage of the disbursed industry Result\ncontribution levy, annually\nTarget: Source:\n<0.1% AUSTRAC corporate plan 2023–27 page 32;\nAUSTRAC PBS 2023–24, Program 1.1. page 232\nNot achieved\n0.12%\nPrior results\n2022–23: Achieved – 0.056% (target, <0.1%)\nNot reported prior to 2022–23\nAUSTRAC is funded through an industry contribution levy.\n Source: `annual-reports/2023-24.pdf (https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf)`\n- The following measure was not achieved, with a result of 68% against a target of 76%:.\n• Measure 2.1.\n Source: `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)`\n- [Page 31]\nOUR PERFORMANCE\nTable 1: Summary of results against our performance measures during 2022–23\nPerformance measure Target Result\nDiscover\n1.1.\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- As our result is below our target of 72%\nor greater, we have assessed this measure as not achieved.\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- [Page 32]\nSummary of results\nTable 1 provides a summary of the overall performance for 2023–24 where:\nAchieved means AUSTRAC achieved the target for the relevant performance measure.\n Source: `annual-reports/2023-24.pdf (https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf)`\n- [Page 37]\nOUR PERFORMANCE\nSummary of results\nTable 1 provides a summary of the overall performance for 2024–25 where:\nAchieved means AUSTRAC achieved the target for the relevant performance measure.\n Source: `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)`\n- Requirements Page(s)\nIntroduction 5\n• Statement of preparation\n• The reporting period for which the plan is prepared\n• The reporting periods covered by the plan\nPurpose 7\nKey activities 15-27\nOperating context\n• Environment 30-34\n• Capability 47-53\n• Risk oversight and management, including key risks 39-45\nand their management\n• Cooperation 36-37\nPerformance\n• Performance measures 64-81\n• Targets for each performance measure (if reasonably practicable 64-81\nto set a target)\n/ AUSTRAC CORPORATE PLAN 2022-26\n Source: `corporate-plans/2022.pdf (https://www.austrac.gov.au/sites/default/files/2022-08/AUSTRAC_CorporatePlan2022_web.pdf)`\n- Requirements Page(s)\nIntroduction\n• Statement of preparation\n7\n• The reporting period for which the plan is prepared\n• The reporting periods covered by the plan\nPurpose 9\nKey activities 15-18\nOperating context\n• Environment 37-39\n• Capability 40-43\n• Risk oversight and management, including key risks\n44-47\nand their management\n• Cooperation 48-51\n• Subsidiaries N/A\nPerformance\n• Performance measures 21-34\n• Targets for each performance measure (if reasonably practicable\n21-34\nto set a target)\n53 / 54\n Source: `corporate-plans/2024.pdf (https://www.austrac.gov.au/sites/default/files/2024-08/AUSTRAC%20Corporate%20Plan%202024-28.pdf)`\n- Requirements Page(s)\nIntroduction\n• Statement of preparation\n6-7\n• The reporting period for which the plan is prepared\n• The reporting periods covered by the plan\nPurpose 10\nKey activities 11\nOperating context\n• Environment 15\n• Capability 19\n• Risk oversight and management, including key risks\n25\nand their management\n• Cooperation 31\n• Subsidiaries N/A\nPerformance\n• Performance measures 37\n• Targets for each performance measure (if reasonably practicable\n37\nto set a target)\n41 / 42\n Source: `corporate-plans/2025.pdf (https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf)`\n- As this was the first year we have\nAs per measure 1.1., a current and future\nused this measure, we took the result of 29 as\nlimitation in calculating this measure is that\nthe accepted baseline for 2021-22 (noting a\nthe system used to capture our data is a\nnew measure and target is adopted from 2022-\nlive system and can be updated by product\n23, as shown in our corporate plan 2022-26).\nowners at any time.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- Target: Source:\n75% AUSTRAC Corporate Plan 2021-25 p37\nPortfolio Budget Statements 2021-22,\nAchieved\nProgram 1.1. p195\n98.7%\nAs outlined in Measure 3.1., the annual submission of the compliance report is a fundamental\nobligation on reporting entities, who have provided designated services,21 under section 47 of the\nAML/CTF Act.22 If a reporting entity is required to submit a compliance report and fails to do so by the\nlodgement deadline of 31 March, they may be subject to enforcement action.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n\n## Key Metrics\n\n| Values found | Evidence | Source |\n|---|---|---|\n| $600 million, $138\nmillion, $138 million, 600 million, 138\nmillion, 138 million | Target: Source:\n$600 million over AUSTRAC Corporate Plan 2021-25 p39\n5 years Portfolio Budget Statements 2021-22,\nAchieved\nProgram 1.1. p195\n$138\nmillion\nDuring 2021-22, AUSTRAC data and financial intelligence contributed to the restraint by the CACT of\n$138 million in gross restrained assets. | `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)` |\n| $330 million, $139 million, $105 million, $473 million, $578 million, $79 million | Target: Source:\nNot practicable to set AUSTRAC Corporate Plan 2022–26 p78;\na target Portfolio Budget Statements 2022–23,\nAchieved\nProgram 1.1. p252\n$330 million\ntotal liabilities\nraised; at least\n$139 million\nrevenue\nrecouped\nPrior results\n2021–22: Achieved – $105 million liabilities raised through AUSTRAC data21 and $473 million\nliabilities raised by SFCT22 (total $578 million); at least $79 million revenue recouped23 (target,\nnot practicable to | `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)` |\n| $600 million, $352 million, $940 million, $138 million | Target: Source:\n$600 million over AUSTRAC Corporate Plan 2022–26 p78;\n5 years (up to 2024) Portfolio Budget Statements 2022–23,\nAchieved\nProgram 1.1. p253\n$352 million in\n2022–23; over\n$940 million\nfrom 1 July\n2019 to 30\nJune 2023\nPrior results\n2021–22: Achieved – $138 million (target, $600 million over 5 years (up to 2024))\nNot reported prior to 2021–22\nDuring 2022–23, AUSTRAC data and financial intelligence contributed to CACT’s overall restrai | `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)` |\n| $0.97m | [Page 177]\nREPORT ON FINANCIAL PERFORMANCE\n3.1B Unspent Departmental Annual Appropriations ('recoverable GST exclusive')\n2025 2024\n$'000 $'000\nAppropriation Act No.1 2022-23 Departmental Capital Budget - 1,395\nAppropriation Act No.1 2023-24 - 25,136\nAppropriation Act No.1 2023-24 Departmental Capital Budget 2,528 3,181\nAppropriation Act No.2 2023-24 - 10,742\nAppropriation Act No.1 2023-24 Cash at bank and on hand - 2,053\nAppropriation Act No.1 20 | `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)` |\n| $0.97m | [pages 177,178,179,180]\n5 Cash at bank and on hand 3,111 -\nAppropriation Act No.1 2024-25 37,852 -\nAppropriation Act No.1 2024-25 Departmental Capital Budget 3,244 -\nAppropriation Act No.2 2024-25 13,110 -\nTotal 59,845 42,507\nThe 2023-24 appropriation acts affected by quarantine arrangements were $0.97m in 2024-25 (2023-24: Nil). | `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)` |\n| $105\n, $473\nmillion, 473\nmillion | Target: Source:\nNo target\nNot practicable AUSTRAC Corporate Plan 2021-25 p39\nto set a target Portfolio Budget Statements 2021-22, $105\nProgram 1.1. p195 million\nand $473\nmillion\nAUSTRAC contributes to the ATO’s recovery of revenues and liabilities in two ways:\n1. the provision of high-volume transaction report data via AWB and directly into ATO systems,\nenabling the ATO to identify undeclared foreign-source income and serious non-compliance\n(for | `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)` |\n\n## Key Achievements\n\n- The 2019-20 Annual Report highlights some of our key achievements, including:\npartnering with agencies including the Australian Taxation Office and Services Australia to prevent and detect fraud against, and criminal exploitation of, Australian Government programs introduced in response to COVID-19, such as the early release of superannuation and JobKeeper\nthe addition of five new Fintel Alliance members, which has supported the AUSTRAC-led public-private partnership to expand its focus to 24 crime types and commence 29 operations in 2019-20\nsupporting industry with a range of measures to assist industry in complying with their legislative obligations during COVID-19\n Source: `pages/annual-reports-index__05.html (https://www.austrac.gov.au/new-and-media/news/austrac-annual-report-2019-20)`\n- [Page 58]\nWhile this measure is limited to externally funded international capability development programs\nthat are completed during the financial year, the following ongoing programs were also delivered\nduring 2024–25, but have not been counted towards AUSTRAC’s result for this measure due to their\nongoing nature:\n• AUSTRAC Iraq FIU Program – financial intelligence analysis capability uplift of the Republic\nof Iraq’s FIU (the Anti-Money Laundering and Countering Financing of Terrorism Office) through\nthe delivery of a tailored financial intelligence training program.\n• AUSTRAC Pacific Islands Partnership Program – program to uplift the capability of\nintelligence analysts within Pacific FIUs and promote greater regional collaboration in\nidentifying and combating ML/TF risks in the South Pacific region.\n• Strengthening AML/CTF Responses in the Philippines Program Phase 2 – continuation\n Source: `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)`\n- [Page 79]\nOUR PERFORMANCE - STRENGTHEN\nTable 12: International development program activities completed during 2022–23\nEvidence of\nProgram/program activities Purpose of activity\ncapability uplift\nKSP-AUSTRAC To support development uplift of Positive feedback\ncapability in developing SRAs. received from\n• Workshop for data\nstakeholders\ncollection to support a\nindicating the\nSectoral Risk Assessment\nworkshops uplifted\n(SRA)\ntheir capability in\n• Workshop to analyse data FATF, international\nfor the SRA standards and\nexpectations\n• Bilateral engagement with\nand progress to\nGovernment of Australia\ncompleting the SRA.\npartners and the executive\nof the KSP Economic Team.\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- 2021-22 2022-23 2023-24 2024-25\nTargets 70% 2% increase on 2% increase on 2% increase on\nprior year target prior year target prior year target\nThis measure will help us report our progress towards the new Regulator\nRationale Performance principle 3 (collaboration and engagement).\n Source: `corporate-plans/2021.pdf (https://www.austrac.gov.au/sites/default/files/2021-08/AUSTRAC_Corporate_Plan_2021-25_v2.pdf)`\n- [Page 32]\nANNUAL\nPERFORMANCE\nSTATEMENTS 2020-21\nOverview of performance\nIntroductory statement framework\nI, Nicole Rose PSM, as AUSTRAC’s accountable To measure our performance against our\nauthority, present the 2020-21 annual purpose we report on our achievements\nperformance statements for AUSTRAC against the AUSTRAC performance criteria\nas required under paragraph 29(1)(a) of in the 2020-21 Portfolio Budget Statements\nthe Public Governance, Performance and and Corporate Plan 2020-24.\n Source: `annual-reports/2020-21.pdf (https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf)`\n- The percentage of technology projects, Completed ICT projects deliver\nclosed during either the current financial proposed benefits.\nyear or the previous financial year, that\nrealise their approved benefits.15\nSource:\nAUSTRAC Corporate Plan 2020-24, p29; Portfolio Budget Statements 2020-21, Program 1.1. p.\n Source: `annual-reports/2020-21.pdf (https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf)`\n- [Page 27]\nOUR PERFORMANCE\nANNUAL Overview of performance\nPERFORMANCE framework\nSTATEMENTS 2021-22\nIn preparation for this reporting period\nAUSTRAC undertook a significant body\nof work to identify the most appropriate\nIntroductory statement\nmeasures for the agency—those that\ndemonstrate achievement of our purpose\nI, Nicole Rose PSM, as AUSTRAC’s and provide us with the objective information\naccountable authority, present the 2021-22 we need to make data-driven decisions that\nannual performance statements for AUSTRAC lead to our continual improvement.\nas required under paragraph 39(1)(a) of\nthe Public Governance, Performance and This work has resulted in the majority of the\nAccountability Act 2013 (PGPA Act).\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- Target: Source:\n65% AUSTRAC Corporate Plan 2021-25 p37\nPortfolio Budget Statements 2021-22,\nAchieved\nProgram 1.1. p195\n73.9%\nOf the reporting entities who completed the AUSTRAC compliance report 2021, 73.9% who advised\nthey were recipients of AUSTRAC engagement sometime over the previous year, confirmed they had\nstrengthened their AML/CTF controls after this engagement.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- Of the 7,175 reporting entities who completed the compliance report 2021, 98.7% (7,080) submitted\ntheir report before the due date.23\n21 A service that is listed in section 6 of the AML/CTF Act (because it has been identified as posing a risk for money\nlaundering and terrorism financing) and which meets the geographical link.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- [Page 96]\nTable 13: International development programs delivered in 2021-22\nProgram Purpose of program/course Evidence of capability uplift\nFIAC 1 (Indonesia) The FIAC aims to improve the 100% of training participant\nparticipants’ understanding of survey respondents agreed that\nfinancial intelligence principles as a result of their attendance\nand concepts, as well as provide at the program, they now had a\nbest practice for the production of better understanding and greater\nintelligence products.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- Target: Source:\n85% AUSTRAC Corporate Plan 2021-25 p40\nPortfolio Budget Statements 2021-22,\nAchieved\nProgram 1.1. p195\n86%\nOf the AUSTRAC staff who completed the 2021 Australian Public Service (APS) Employee Census,40\n86% agreed their workgroup has the appropriate skills, capabilities and knowledge to perform well.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- [pages 134,135,136,137]\nanging actionable\na central leadership and coordination role intelligence products, including:\nbetween law enforcement agencies and\n- 28 tactical intelligence reports\nindustry partners to progress the project,\nincluding: - 114 information disclosures\n• identifying money laundering targets - a risk insight report\nfor investigation\n- a methodology report\n• using operational hubs where security-\nvetted financial industry members could - d isclosure of information reports\nwork alongside AUSTRAC analysts on to industry partners leading to the\nclassified matters, to identify financial submission of 568 suspicious matter\npatterns and predict where and when reports\nmoney laundering was likely to occur\n- s pontaneous information disclosures\nto international partners.\n/ AUSTRAC ANNUAL REPORT 2021-22\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n\n## Key Issues, Risks, and Recommendations\n\n- Table 9: Audit and Risk Committee members for 2020-21\nMember Qualifications, knowledge, skills Number of Total annual\nname e or experience meetings remuneration\nattended / (excluding GST)\ntotal number\nof meetings\nMr Geoff • 32-year career with Ernst & Young 6/6 $6,930.00\nKnuckey specialising in Audit and Assurance\nServices in both the public and\nprivate sectors across a range\nof industries.\n• Full-time company director and\naudit committee member since\n2009, serving on boards for multiple\nprivate sector entities.\n• Extensive experience as an\nAudit Committee member and\nChair and is currently serving on\naudit committees for numerous\ngovernment entities.\n• Bachelor of Economics (ANU),\nFellowship of Chartered Accountants,\na Graduate member of the Australian\nInstitute of Company Directors, and\na Registered Company Auditor.\n Source: `annual-reports/2020-21.pdf (https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf)`\n- [Page 120]\nMember Qualifications, knowledge, skills Number of Total annual\nname e or experience meetings remuneration\nattended / (excluding GST)\ntotal number\nof meetings\nMs • Over twenty years’ experience as 6/6 $18,180.81\nElizabeth independent and non-executive\nMontano chair, deputy chair and member of\nboards and audit committees across\na range of government and not for\nprofit entities.\n• Extensive experience in\ngovernance and the machinery of\ngovernment including in financial\nand performance reporting, risk,\nassurance and program and project\nmanagement and oversight.\n• Bachelor of Arts and Bachelor of Laws\n(UNSW) and Fellow of the Australian\nInstitute of Company Directors.\n• Former Chief Executive Officer in the\nCommonwealth and senior financial\nservices lawyer with King & Wood\nMallesons.\n/ AUSTRAC ANNUAL REPORT 2020-21\n Source: `annual-reports/2020-21.pdf (https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf)`\n- [pages 120,121,122,123]\nknowledge, skills Number of Total annual\nname e or experience meetings remuneration\nattended / (excluding GST)\ntotal number\nof meetings\nMs • Over twenty years’ experience as 6/6 $18,180.81\nElizabeth independent and non-executive\nMontano chair, deputy chair and member of\nboards and audit committees across\na range of government and not for\nprofit entities.\n• Extensive experience in\ngovernance and the machinery of\ngovernment including in financial\nand performance reporting, risk,\nassurance and program and project\nmanagement and oversight.\n• Bachelor of Arts and Bachelor of Laws\n(UNSW) and Fellow of the Australian\nInstitute of Company Directors.\n• Former Chief Executive Officer in the\nCommonwealth and senior financial\nservices lawyer with King & Wood\nMallesons.\n/ AUSTRAC ANNUAL REPORT 2020-21\n Source: `annual-reports/2020-21.pdf (https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf)`\n- [Page 121]\nMANAGEMENT AND ACCOUNTABILITY\nMember Qualifications, knowledge, skills Number of Total annual\nname e or experience meetings remuneration\nattended / (excluding GST)\ntotal number\nof meetings\nMs Janine • Independent director and executive 6/6 $6,738.65\nMcMinn adviser with over 34 years’ experience\nin internal audit and information\ntechnology.\n• Member of eight audit and risk\ncommittees.\n• Former Partner for Oakton’s ICT\nAssurance and Security business,\nadvising many organisations in the\nmanagement of risk, and ICT security.\n• Experience conducting assurance\nreviews in both Public and Private\norganisations.\n• Bachelor of Arts in Computing and\nStatistics (ANU), is a Fellow of the\nAustralian Institute of Company\nDirectors, Certified Information\nSystems Auditor and Certified\nInformation Security Manager.\n• President of the Australian War\nMemorial Voluntary Guides and\n Source: `annual-reports/2020-21.pdf (https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf)`\n- [Page 122]\nMember Qualifications, knowledge, skills Number of Total annual\nname e or experience meetings remuneration\nattended / (excluding GST)\ntotal number\nof meetings\nMr Lee • Over 35-years’ experience as a 6/6 $19,925.00\nWalton Chartered Engineer including\n15-years as a Senior Executive in the\nAustralian Public Service in National\nSecurity and Law Enforcement,\nprimarily in Chief Information Officer\nand Chief Operating Officer positions.\n• Independent member of\nGovernment audit and risk\ncommittees and executive steering\ngroups.\n Source: `annual-reports/2020-21.pdf (https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf)`\n- [Page 59]\nOUR PERFORMANCE\nType of intelligence Description No. of product\nproduct published/\ndisseminated\nStrategic • Focus on the future 14\nintelligence report\n• Discuss implications\n• Contextualise analysis\nFinancial crime • Discuss how to identify specific criminal 5\nguide activity\n• Primarily written for the private sector\n• Explains patterns and indicators\nThreat alert • Discuss how to counter a specific threat 4\n• Provides indicators and how to disrupt\n• Written for Fintel Alliance members\nCase study (similar to threat alerts, this type was removed 1\nfrom AUSTRAC’s product suite in 2021-22)\nRisk assessment • Examine threats and vulnerabilities 2\n• Focus on specific issues and sectors\n• Includes numerous sources, including\nindustry insight\nOf the products disseminated to domestic partners, tactical intelligence reports accounted for\n54% and information reports accounted for 40%.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- Table 19: : Audit and Risk Committee members for 2021-22\nMember Qualifications/knowledge/ Number of Total annual Additional\nname e skills/experience meetings remuneration information\nattended/\ntotal number\nof meetings\nMr Geoff • 32-year career with Ernst & 5/5 $11,550.00 Committee\nKnuckey Young specialising in audit (inclusive Chair\nand assurance services of GST)\nin both the public and\nprivate sectors across a\nrange of industries.\n• Full-time company director\nand audit committee\nmember since 2009, serving\non boards for multiple\nprivate sector entities.\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- Target: Source:\n72% or greater AUSTRAC Corporate Plan 2022–26 p69;\nPortfolio Budget Statements 2022–23,\nNot Achieved\nProgram 1.1. p251\n67%\nPrior results\n2021–22: Achieved 100% (target, 70%)\nNot reported prior to 2021–22\nAUSTRAC publishes guidance materials for our reporting entities to build their understanding of their\nAML/CTF obligations, and to enable them to manage threats, risks and vulnerabilities impacting the\nfinancial system.\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- Target: Source:\n72% or greater AUSTRAC Corporate Plan 2022–26 p73;\nPortfolio Budget Statements 2022–23,\nNot achieved\nProgram 1.1. p252\n67%\nPrior results\n2021–22: Achieved – 75% (target, 70%)\nNot reported prior to 2021–22\nIn order to ensure the AML/CTF Rules and policy settings are appropriately tuned to both mitigate\nrisks to the financial sector and minimise the regulatory burden on industry, AUSTRAC regularly\nengages with reporting entities and industry stakeholders.\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- Table 18: Audit and Risk Committee members for 2022–23\nMember Qualifications/knowledge/skills/experience Number of Total annual\nname e meetings remuneration\nattended/\ntotal number\nof meetings\nMr Geoff • 32-year career with Ernst & Young 5/5 $13,345.50\nKnuckey specialising in audit and assurance services\n(Committee in both the public and private sectors across\nChair) a range of industries.\n• Full-time company director and audit\ncommittee member since 2009, serving on\nboards for multiple private sector entities.\n• Extensive experience as an Audit Committee\nmember and Chair and currently serving\non audit committees for numerous\ngovernment entities.\n• Bachelor of Economics (ANU), Fellowship of\nChartered Accountants, a Graduate member\nof the Australian Institute of Company\nDirectors, and a Registered Company Auditor.\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- [Page 125]\nMANAGEMENT AND ACCOUNTABILITY\nMember Qualifications/knowledge/skills/experience Number of Total annual\nname e meetings remuneration\nattended/\ntotal number\nof meetings\nMs Elizabeth • Over 25 years’ experience as a non- 5/5 $15,308.55\nMontano executive chair, deputy chair and member\nof boards and audit committees across a\nrange of government and not-for-profit\nentities in regulation, law enforcement,\nscientific research, service delivery and\nsocial justice programs.\n• Extensive experience in governance and\nthe machinery of government including\nin financial and performance reporting,\nrisk, assurance, and program and project\nmanagement and oversight.\n• Bachelor of Arts and Bachelor of Laws\n(UNSW) and Fellow of the Australian\nInstitute of Company Directors.\n• Former CEO of AUSTRAC, ASIC SES Officer\nresponsible for corporate law, and former\nfinancial services Consultant and senior\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- [Page 126]\nMember Qualifications/knowledge/skills/experience Number of Total annual\nname e meetings remuneration\nattended/\ntotal number\nof meetings\nMs Janine • Independent director and executive adviser 4/5 $5,874.88\nMcMinn with over 34 years’ experience in internal\naudit and information technology.\n• Member of 5 audit and risk committees.\n• Former Partner for Oakton’s ICT Assurance\nand Security business, advising many\norganisations in the management of\nrisk and cyber security.\n• Experience conducting assurance and\ncyber security reviews in both public\nand private organisations.\n• Bachelor of Arts in Computing and Statistics\n(ANU), a Fellow of the Australian Institute of\nCompany Directors, Certified Information\nSystems Auditor and Certified Information\nSecurity Manager.\n• Vice-President of the Australian War\nMemorial Voluntary Guides and provides\nmentoring and coaching support to\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- [Page 127]\nMANAGEMENT AND ACCOUNTABILITY\nMember Qualifications/knowledge/skills/experience Number of Total annual\nname e meetings remuneration\nattended/\ntotal number\nof meetings\nMr Lee • Over 35 years’ experience as a Chartered 5/5 $19,354.49\nWalton Engineer including 15 years as a senior\nexecutive in the Australian Public Service\nin national security and law enforcement,\nprimarily in Chief Information Officer and\nChief Operating Officer positions.\n• Extensive governance experience in the\ngovernment and not-for-profit sectors\nincluding financial and performance\nreporting, ICT and cyber security, program\nand project delivery, and risk management.\n• Independent member of several\ngovernment audit and risk committees.\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- [pages 127,128,129]\ne e meetings remuneration\nattended/\ntotal number\nof meetings\nMr Lee • Over 35 years’ experience as a Chartered 5/5 $19,354.49\nWalton Engineer including 15 years as a senior\nexecutive in the Australian Public Service\nin national security and law enforcement,\nprimarily in Chief Information Officer and\nChief Operating Officer positions.\n• Extensive governance experience in the\ngovernment and not-for-profit sectors\nincluding financial and performance\nreporting, ICT and cyber security, program\nand project delivery, and risk management.\n• Independent member of several\ngovernment audit and risk committees.\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n\n## Corporate Values and Operating Culture\n\n- Table 18: Contracts exceeding $100,000 that did not include clauses for ANAO access\nEntity name Contract Contract purpose Reason for standard access\nvalue (GST clause not included\ninclusive)\nSayari Analytics, $398,674 Financial analytics Contract uses company terms\nLLC platform and conditions\nChainalysis Inc $215,000 Blockchain data analysis Contract uses company terms\nplatform and conditions\nTRM Labs, Inc $306,074 Blockchain data analysis Contract uses company terms\nplatform and conditions\nThomson Reuters $719,400 Provision of special Contract uses company terms\n(Professional) research services and conditions\nAustralia Ltd\nMega $306,875 Enterprise architecture Contract uses company terms\nInternational tool as a service and conditions\nAustralia Pty Ltd\nIntegral $225,324 Software maintenance Contract uses company terms\nTechnology and support and conditions\nSolutions Pty Ltd\n Source: `annual-reports/2024-25.pdf (https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf)`\n- [Page 197]\nAPPENDICES\nAustralian National Audit Office (ANAO) reform 19–20\naccess clauses 105 regulation 19–20\nindependent auditor’s report on\nCapability Sub-Committee 91\nfinancial statements 151–2\nCasino Working Group 85\nAustralian Public Service (APS)\nCensus results 112\nChief Executive Officer (CEO) 22\nNet Zero 2030 107–9\nletter of transmittal 3\nStatistical Bulletin 117\nreview 11–13\nValues and Code of Conduct 97\nchild exploitation 61\nAustralian Public Service (APS)\nCommission 88, 113 Child Safe Framework 98–9\nState of the Service reports 117\ncivil penalty proceedings 12, 52\nAustralian Qualifications Framework (AQF) 115\ncollaboration 41–5\nAustralian Securities and Investments AML/CTF Rules, development of 53–4\nCommission (ASIC) 89 assessment of 53–4\ncriminal exploitation, disrupting 64–8\nAustralian Taxation Office (ATO) 87\n Source: `annual-reports/2023-24.pdf (https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf)`\n- [Page 25]\nOUR CAPABILITIES\nDr Nathan Newman • Regulatory Supervision 1 • Organisational Governance\nNational Manager and Regulatory Development\n• Regulatory Supervision 2\nRegulatory\n• Risk and Insights\nOperations • Regulatory Supervision 3\nKatie Miller • Rules, Exemptions and MOUs • Enforcement 1\nNational Manager\n• Legal • Enforcement 2\nLegal and Enforcement\n(General Counsel) • Enforcement 3\nBrad Brown • Strategic Communications • Regulatory Capability\nNational Manager\n• Industry Education • Policy\nEducation, Capability\nand Outreach\nand Communications\nJon Brewer • Intelligence Collaboration • Serious Financial Crime\nNational Manager • Intelligence Analytics Taskforce\nIntelligence and Statistics • Risk Assessments\nPartnerships • Fintel Alliance Operations\nMichael Tink • Money Laundering Intelligence • International Operations\nNational Manager\n Source: `annual-reports/2020-21.pdf (https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf)`\n- [Page 21]\nOUR CAPABILITIES\nDan Mossop • Strategic Communications • Regulatory Capability\nNational Manager\n• Industry Education • Policy\nEducation, Capability\nand Outreach\nand Communications\nKatie Miller • Rules, Exemptions and • Enforcement 1\nNational Manager MOUs\n• Enforcement 2\nLegal and Enforcement\n• Legal\n(General Counsel) • Enforcement 3\nBrad Brown • Regulatory Supervision 1 • Regulatory Supervision 3 • Risk and Insights\nNational Manager\n• Regulatory Supervision 2 • Regulatory Supervision 4\nRegulatory\nOperations\nJon Brewer • Intelligence Collaboration\nNational Manager\n• Serious Financial Crime\nIntelligence\nPartnerships • Fintel Alliance Operations\nMichael Tink • Money Laundering • Pacific Operations • Overseas Posted Officers\nNational Manager Intelligence\n• International Operations\nIntelligence\n• National Security\nOperations and Cyber • Southeast Asia Operations\n Source: `annual-reports/2021-22.pdf (https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf)`\n- [Page 125]\nMANAGEMENT AND ACCOUNTABILITY\nMember Qualifications/knowledge/skills/experience Number of Total annual\nname e meetings remuneration\nattended/\ntotal number\nof meetings\nMs Elizabeth • Over 25 years’ experience as a non- 5/5 $15,308.55\nMontano executive chair, deputy chair and member\nof boards and audit committees across a\nrange of government and not-for-profit\nentities in regulation, law enforcement,\nscientific research, service delivery and\nsocial justice programs.\n• Extensive experience in governance and\nthe machinery of government including\nin financial and performance reporting,\nrisk, assurance, and program and project\nmanagement and oversight.\n• Bachelor of Arts and Bachelor of Laws\n(UNSW) and Fellow of the Australian\nInstitute of Company Directors.\n• Former CEO of AUSTRAC, ASIC SES Officer\nresponsible for corporate law, and former\nfinancial services Consultant and senior\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- [Page 127]\nMANAGEMENT AND ACCOUNTABILITY\nMember Qualifications/knowledge/skills/experience Number of Total annual\nname e meetings remuneration\nattended/\ntotal number\nof meetings\nMr Lee • Over 35 years’ experience as a Chartered 5/5 $19,354.49\nWalton Engineer including 15 years as a senior\nexecutive in the Australian Public Service\nin national security and law enforcement,\nprimarily in Chief Information Officer and\nChief Operating Officer positions.\n• Extensive governance experience in the\ngovernment and not-for-profit sectors\nincluding financial and performance\nreporting, ICT and cyber security, program\nand project delivery, and risk management.\n• Independent member of several\ngovernment audit and risk committees.\n Source: `annual-reports/2022-23.pdf (https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf)`\n- [Page 202]\nO People’s Republic of China 40\nperformance 29–71\nobjectives of agency 15\nanalysis 31\n‘One AUSTRAC’ philosophy 111 measures 31–71\nperformance framework 29\nonline gambling proceeds, illegal 83 planning and 96\nreporting requirements 30\nOperation Avarus-Nightwolf 78\nresults, summary of 32–71\nOperation Huntsman 99 statements 2023–24 29\nsurvey 68–9\nOperation Salem 12, 84–5\npersonal loan fraud 82\norganisation chart 22–3\nPhilippines Program 58\norganisational structure 22–3\npillars, strategic 15, 111\norganised crime 11, 16, 20, 29, 74, 77\ntransnational 78 planning and performance reporting 96\noutcome of agency 15 Portfolio Budget Statement (PBS) 29\nprinciples of regulator best practice 30\nP\nprocurement 101\nPacific Financial Intelligence Community\ninitiatives to support small\n(PFIC) 20, 40\nbusiness 105–6\nPacific FIUs 58\nProject Anton 86\nPacific Partnership Program 58\n Source: `annual-reports/2023-24.pdf (https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf)`\n- [pages 202,203,204,205,206,207,208]\nillars, strategic 15, 111\norganised crime 11, 16, 20, 29, 74, 77\ntransnational 78 planning and performance reporting 96\noutcome of agency 15 Portfolio Budget Statement (PBS) 29\nprinciples of regulator best practice 30\nP\nprocurement 101\nPacific Financial Intelligence Community\ninitiatives to support small\n(PFIC) 20, 40\nbusiness 105–6\nPacific FIUs 58\nProject Anton 86\nPacific Partnership Program 58\nProtecting Country 5\nParliamentary oversight 100\nPublic Governance, Performance and\nAccountability Act 2013 3, 96\npartnerships 12, 20\nintelligence 70–1\nPublic Governance, Performance and\nAccountability Rule 2014 3\nPatterson, Nicole 22, 25\nPublic Service Act 1999 114\npayment reference project 12, 88\npurchasing 101\npenalties 12\npurpose of agency 15\npeople see employees\n/ AUSTRAC ANNUAL REPORT 2023-24\n Source: `annual-reports/2023-24.pdf (https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf)`\n\n## Global Ideas and Case Study Inputs\n\nGlobal source texts are available for later idea synthesis:\n- `global-intelligence/source-text/association-worldbank.org-governance.txt`\n- `global-intelligence/source-text/consulting-deloitte.com-government-public.txt`\n- `global-intelligence/source-text/university-ash.harvard.edu-Harvard-Kennedy-School-Ash-Center.txt`\n\n## Source Artifacts Used\n\n- `corporate-plans/2021.pdf` - corporate-plans - https://www.austrac.gov.au/sites/default/files/2021-08/AUSTRAC_Corporate_Plan_2021-25_v2.pdf\n- `corporate-plans/2022.pdf` - corporate-plans - https://www.austrac.gov.au/sites/default/files/2022-08/AUSTRAC_CorporatePlan2022_web.pdf\n- `corporate-plans/2023.pdf` - corporate-plans - https://www.austrac.gov.au/sites/default/files/2023-08/AUSTRAC_CorporatePlan2023_web.pdf\n- `corporate-plans/2024.pdf` - corporate-plans - https://www.austrac.gov.au/sites/default/files/2024-08/AUSTRAC%20Corporate%20Plan%202024-28.pdf\n- `corporate-plans/2025.pdf` - corporate-plans - https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf\n- `annual-reports/2020-21.pdf` - annual-reports - https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf\n- `annual-reports/2021-22.pdf` - annual-reports - https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf\n- `annual-reports/2022-23.pdf` - annual-reports - https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf\n- `annual-reports/2023-24.pdf` - annual-reports - https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf\n- `annual-reports/2024-25.pdf` - annual-reports - https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf\n- `pages/about.html` - pages - http://www.austrac.gov.au/about-us/careers\n- `pages/annual-reports-index.html` - pages - https://www.austrac.gov.au/about-us/corporate-information-and-governance/reports-and-accountability/annual-reports\n- `pages/annual-reports-index__00.html` - pages - https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf\n- `pages/annual-reports-index__01.html` - pages - https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf\n- `pages/annual-reports-index__02.html` - pages - https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf\n- `pages/annual-reports-index__03.html` - pages - https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf\n- `pages/annual-reports-index__04.html` - pages - https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf\n- `pages/annual-reports-index__05.html` - pages - https://www.austrac.gov.au/new-and-media/news/austrac-annual-report-2019-20\n- `pages/annual-reports-index__06.html` - pages - https://www.austrac.gov.au/sites/default/files/2019-10/AUSTRAC_AR1819_Web.pdf.pdf\n- `pages/annual-reports-index__07.html` - pages - https://www.austrac.gov.au/sites/default/files/2019-05/AUSTRAC_annual_report_2017-18.pdf\n- `pages/annual-reports-index__08.html` - pages - https://www.austrac.gov.au/sites/default/files/2019-05/AUSTRAC_annual_report_2016-17.pdf\n- `pages/annual-reports-index__09.html` - pages - https://www.austrac.gov.au/sites/default/files/2019-05/AUSTRAC_annual_report_2015-16.pdf\n- `pages/annual-reports-index__10.html` - pages - https://www.austrac.gov.au/sites/default/files/2019-06/AUSTRAC_annual_report_2014-15_0.pdf\n- `pages/annual-reports-index__11.html` - pages - https://www.austrac.gov.au/sites/default/files/2019-08/austrac-ar13-14-web-full.pdf\n- `pages/corporate-plans-index.html` - pages - https://www.austrac.gov.au/about-us/corporate-information-and-governance/policies-plans-and-commitments/corporate-plan\n- `pages/corporate-plans-index__12.html` - pages - https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf\n- `pages/corporate-plans-index__13.html` - pages - https://www.austrac.gov.au/sites/default/files/2024-08/AUSTRAC%20Corporate%20Plan%202024-28.pdf\n- `pages/corporate-plans-index__14.html` - pages - https://www.austrac.gov.au/sites/default/files/2023-08/AUSTRAC_CorporatePlan2023_web.pdf\n- `pages/corporate-plans-index__15.html` - pages - https://www.austrac.gov.au/sites/default/files/2022-08/AUSTRAC_CorporatePlan2022_web.pdf\n- `pages/corporate-plans-index__16.html` - pages - https://www.austrac.gov.au/sites/default/files/2021-08/AUSTRAC_Corporate_Plan_2021-25_v2.pdf\n- `pages/corporate-plans-index__17.html` - pages - https://www.austrac.gov.au/sites/default/files/2020-08/AUSTRAC_Corporate%20plan%202020_2024.pdf\n- `pages/corporate-plans-index__18.html` - pages - https://www.austrac.gov.au/sites/default/files/2019-09/AUSTRAC_CorporatePlan_Updated_2019.pdf\n- `pages/corporate-plans-index__19.html` - pages - https://www.austrac.gov.au/sites/default/files/2019-05/austrac-corporate-plan-2018-22.pdf\n- `pages/corporate-plans-index__20.html` - pages - https://www.austrac.gov.au/sites/default/files/2019-05/austrac-corporate-plan-2017-21.pdf\n- `pages/homepage.html` - pages - http://www.austrac.gov.au\n- `pages/news-latest.html` - pages - http://www.austrac.gov.au/news-and-media/austrac-inbrief/form\n- `pages/priorities-index.html` - pages - http://www.austrac.gov.au/about-us/what-we-do\n- `pages/publications-index.html` - pages - http://www.austrac.gov.au/industry-and-business/education-and-resources/publications-resources\n- `pages/reforms-index.html` - pages - http://www.austrac.gov.au/industry-and-business/about-amlctf-reforms\n- `pages/reforms-index__23.html` - pages - https://www.austrac.gov.au/industry-and-business/about-amlctf-reforms\n- `pages/reforms-index__24.html` - pages - http://www.austrac.gov.au/industry-and-business/about-amlctf-reforms\n- `pages/reforms-index__25.html` - pages - http://www.austrac.gov.au/industry-and-business/about-amlctf-reforms/about-reforms\n- `pages/reforms-index__26.html` - pages - http://www.austrac.gov.au/industry-and-business/about-amlctf-reforms/summary-changes-current-reporting-entities\n- `pages/reforms-index__27.html` - pages - http://www.austrac.gov.au/industry-and-business/about-amlctf-reforms/preparing-changes-if-youre-newly-regulated\n- `pages/reforms-index__28.html` - pages - http://www.austrac.gov.au/industry-and-business/about-amlctf-reforms/preparing-changes-current-reporting-entity\n- `pages/reforms-index__29.html` - pages - http://www.austrac.gov.au/industry-and-business/about-amlctf-reforms/our-regulatory-expectations-and-priorities-2025-26\n- `pages/structure.html` - pages - http://www.austrac.gov.au/industry-and-business/your-industry/bookmakers-and-betting-agencies\n- `pages/taskforces-index.html` - pages - http://www.austrac.gov.au/government-and-partners/government-partners/law-enforcement-task-forces\n- `pages/taskforces-index__21.html` - pages - https://www.austrac.gov.au/government-and-partners/government-partners/law-enforcement-task-forces\n- `pages/taskforces-index__22.html` - pages - http://www.austrac.gov.au/government-and-partners/government-partners/law-enforcement-task-forces\n- `global-intelligence/source-text/association-worldbank.org-governance.txt` - global-intelligence - local file\n- `global-intelligence/source-text/consulting-deloitte.com-government-public.txt` - global-intelligence - local file\n- `global-intelligence/source-text/university-ash.harvard.edu-Harvard-Kennedy-School-Ash-Center.txt` - global-intelligence - local file\n- `other-pdfs/money_laundering_and_the_harm_from_organised_crime.pdf` - other-pdfs - https://www.aic.gov.au/sites/default/files/2024-09/money_laundering_and_the_harm_from_organised_crime.pdf\n- `other-pdfs/2025_AUSTRAC_Regulatory_Priorities.pdf` - other-pdfs - http://www.austrac.gov.au/sites/default/files/2025-07/2025_AUSTRAC_Regulatory_Priorities.pdf\n\n## Gaps To Fix\n\n- No major source gaps detected by the deterministic checks.", "legislation_md": "# Australian Transaction Reports and Analysis Centre — Legislation Administered\n\n**Generated**: 2026-05-13T03:54:04+00:00\n**Source**: LLM extraction (nova-micro) from latest annual report and corporate plan\n**Tokens**: 28,010 in / 350 out · cost: $0.00103\n\n> Acts and instruments this entity administers or has primary responsibility for.\n> Excludes generic gov-wide compliance Acts (PGPA, Public Service Act, FOI, Privacy, etc.).\n\n**Source documents fed to the model**:\n- Annual report: `annual-reports\\2024-25.txt`\n- Corporate plan: `corporate-plans\\2025.txt`\n\n## 3 laws administered\n\n| Title | Year | Type | What this entity does under it |\n|---|---|---|---|\n| [Anti-Money Laundering and Counter-Terrorism Financing Act 2006](https://www.legislation.gov.au/search?query=Anti-Money+Laundering+and+Counter-Terrorism+Financing+Act+2006) | 2006 | Act | To regulate financial, gambling, bullion, remittance and digital currency exchange services to detect, deter and disrupt money laundering, terrorism financing and other serious crime. |\n| [Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024](https://www.legislation.gov.au/search?query=Anti-Money+Laundering+and+Counter-Terrorism+Financing+Amendment+Act+2024) | 2024 | Act | To extend the existing AML/CTF legislation to capture additional professions and industries and to simplify and modernise the AML/CTF regime. |\n| [Anti-Money Laundering and Counter-Terrorism Financing Rules](https://www.legislation.gov.au/search?query=Anti-Money+Laundering+and+Counter-Terrorism+Financing+Rules) | 2006 | Regulation | To provide detailed requirements and guidelines for entities regulated under the AML/CTF Act. |", "global_initiatives_md": "# Australian Transaction Reports and Analysis Centre — Global Initiatives Catalogue\n\n## Focus areas\n- Money Laundering and Terrorism Financing (ML/TF) Risk Management\n- Digital Transformation and Data Analytics\n- Regulatory Compliance and Capacity Building\n\n## Money Laundering and Terrorism Financing (ML/TF) Risk Management\n\n### Financial Crimes Enforcement Network (FinCEN)\n**Jurisdiction**: United States\n**Run by**: U.S. Department of the Treasury\n**Year**: 1990\n**Status**: Active\n**What it does (2–3 sentences)**: FinCEN is responsible for receiving, analyzing, and disseminating information related to financial crimes. It aims to combat money laundering, terrorist financing, and other financial crimes.\n**Why it matters to Australia**: Understanding FinCEN’s methods for data analysis and risk assessment can provide insights into improving AUSTRAC’s own risk management strategies.\n**Find more**: [Search FinCEN](https://www.google.com/search?q=Financial+Crimes+Enforcement+Network)\n\n### European Anti-Fraud Programme (OLAF)\n**Jurisdiction**: European Union\n**Run by**: European Anti-Fraud Office\n**Year**: 1999\n**Status**: Active\n**What it does (2–3 sentences)**: OLAF investigates fraud against the EU budget, corruption, and serious misconduct within EU institutions. It also combats cross-border crime.\n**Why it matters to Australia**: OLAF’s investigative techniques and international cooperation frameworks can offer valuable lessons for AUSTRAC’s global anti-fraud efforts.\n**Find more**: [Search OLAF](https://www.google.com/search?q=European+Anti-Fraud+Programme)\n\n### Financial Action Task Force (FATF)\n**Jurisdiction**: International\n**Run by**: FATF\n**Year**: 1989\n**Status**: Active\n**What it does (2–3 sentences)**: FATF develops and promotes policies to combat money laundering, terrorist financing, and other related threats to the international economic system.\n**Why it matters to Australia**: FATF’s global standards and mutual evaluations provide a benchmark for AUSTRAC’s compliance and effectiveness in anti-money laundering and counter-terrorism financing.\n**Find more**: [Search FATF](https://www.google.com/search?q=Financial+Action+Task+Force)\n\n## Digital Transformation and Data Analytics\n\n### UK National Crime Agency’s National Cyber Crime Unit (NCA-NCU)\n**Jurisdiction**: United Kingdom\n**Run by**: UK National Crime Agency\n**Year**: 2013\n**Status**: Active\n**What it does (2–3 sentences)**: The NCA-NCU focuses on tackling serious and organised crime, including cyber crime. It leverages advanced data analytics and digital tools to enhance investigations.\n**Why it matters to Australia**: The NCA-NCU’s use of cutting-edge data analytics can inspire AUSTRAC’s digital transformation efforts and enhance its data-driven capabilities.\n**Find more**: [Search NCA-NCU](https://www.google.com/search?q=UK+National+Crime+Agency+National+Cyber+Crime+Unit)\n\n### Singapore’s Cyber Security Agency (CSA)\n**Jurisdiction**: Singapore\n**Run by**: Cyber Security Agency\n**Year**: 2015\n**Status**: Active\n**What it does (2–3 sentences)**: The CSA is responsible for securing Singapore’s cyberspace and enhancing the cyber resilience of critical infrastructure. It employs advanced data analytics to detect and mitigate cyber threats.\n**Why it matters to Australia**: The CSA’s strategies for cyber resilience and data analytics can provide valuable insights for AUSTRAC’s digital transformation initiatives.\n**Find more**: [Search CSA](https://www.google.com/search?q=Singapore%27s+Cyber+Security+Agency)\n\n## Regulatory Compliance and Capacity Building\n\n### New Zealand’s Financial Markets Authority (FMA)\n**Jurisdiction**: New Zealand\n**Run by**: Financial Markets Authority\n**Year**: 1988\n**Status**: Active\n**What it does (2–3 sentences)**: The FMA regulates and enforces compliance with financial market laws to protect investors and maintain market integrity. It provides guidance and training to enhance regulatory compliance.\n**Why it matters to Australia**: The FMA’s regulatory compliance frameworks and capacity-building programs can offer useful models for AUSTRAC’s efforts to enhance regulatory compliance and training.\n**Find more**: [Search FMA](https://www.google.com/search?q=New+Zealand%27s+Financial+Markets+Authority)\n\n### Canada’s Financial Consumer Protection Framework\n**Jurisdiction**: Canada\n**Run by**: Office of the Superintendent of Financial Institutions (OSFI)\n**Year**: 2018\n**Status**: Active\n**What it does (2–3 sentences)**: OSFI’s framework aims to protect financial consumers through effective regulation, supervision, and enforcement. It includes capacity-building initiatives for financial institutions.\n**Why it matters to Australia**: Canada’s consumer protection framework and capacity-building initiatives can provide valuable insights for AUSTRAC’s regulatory compliance efforts.\n**Find more**: [Search OSFI](https://www.google.com/search?q=Canada%27s+Financial+Consumer+Protection+Framework)\n\n*Note: These are LLM-knowledge claims, not scraped sources — verify before citing publicly.*", "strategy": { "reporting_period": "2024-25", "corporate_plan_period": "2025-26", "vision": "A community protected from financially enabled crime [AR p.5]", "vision_source_page": 5, "purposes": "To build resilience in the financial system and use financial intelligence and regulation to detect, deter and disrupt money laundering, terrorism financing, and other serious crime [AR p.17]", "purposes_source_page": 17, "how_we_deliver": "Our purpose is demonstrated by the following activities: Discover, understand, strengthen, disrupt [AR p.18]", "how_we_deliver_source_page": 18, "government_priorities": [ { "text": "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities", "source_page": 9 } ], "outcomes": [ { "name": "Priority 1: Successfully implement the Government’s AML/CTF reforms", "description": "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities", "key_activities": [ "'Tranche 2' entities understand their AML/CTF obligations and start appropriately managing their ML/TF/PF risks" ], "source_page": 11 }, { "name": "Priority 2: Transform into a world leading data driven digital agency", "description": "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities", "key_activities": [ "Identify critical capabilities, access professional development programs, and expand core skills offerings" ], "source_page": 11 }, { "name": "Priority 3: Embed new sectors into the regime to a global standard", "description": "Efforts are directed to areas of highest risk and harm as defined by the NRA, NIC missions and SOCCC priorities", "key_activities": [ "Develop guidance and 'starter kits' comprising risk assessments and AML/CTF programs for smaller, less complex businesses" ], "source_page": 11 } ], "values": [ "Trusted", "Inclusive", "Collaborative", "Impactful" ], "values_framework_name": null, "kpi_targets_2025_26": [ { "code": "1", "measure": "Improvement in key indicators of money laundering and terrorism financing risk in response to key risks", "target": "Establish a baseline", "source_page": 37 }, { "code": "2", "measure": "Percentage of regulatory activities targeted at reporting entities exposed to the highest inherent risk", "target": "Establish a baseline", "source_page": 37 }, { "code": "3", "measure": "Improvement or maintenance of Partnership Engagement Score", "target": "Establish a baseline", "source_page": 38 }, { "code": "4", "measure": "Improvement or maintenance of ratio of intelligence products to partner substantive action", "target": "Establish a baseline", "source_page": 39 } ], "kpi_results_2024_25": [ { "code": "1.1", "measure": "Percentage of referrals to selected taskforces that generated an outcome", "result": "65%", "status": "Achieved", "source_page": 41 }, { "code": "1.2", "measure": "Percentage of intelligence products that identified a new theme, threat or insight", "result": "50%", "status": "Achieved", "source_page": 42 }, { "code": "1.3", "measure": "Percentage of financial intelligence exchanges that are with prioritised foreign FIUs", "result": "62%", "status": "Achieved", "source_page": 43 }, { "code": "2.1", "measure": "Percentage of event/workshop attendees/e-learning participants who reported a MODERATE (or higher) improvement in their understanding of the AML/CTF obligations", "result": "68%", "status": "Not achieved", "source_page": 44 }, { "code": "2.2", "measure": "Percentage of relevant stakeholders who reported a MODERATELY (or higher) rating on the usefulness of AUSTRAC’s guidance materials", "result": "87%", "status": "Achieved", "source_page": 45 }, { "code": "2.3", "measure": "Percentage of stakeholders who report AUSTRAC’s intelligence products had a MODERATE (or higher) level impact on their understanding of vulnerabilities in the financial system", "result": "72%", "status": "Achieved", "source_page": 45 }, { "code": "3.1", "measure": "Percentage of reporting entities who strengthened their AML/CTF controls after AUSTRAC engagement", "result": "71%", "status": "Achieved", "source_page": 45 }, { "code": "3.2", "measure": "Percentage of reporting entities who submitted their compliance reports on time", "result": "83%", "status": "Achieved", "source_page": 45 }, { "code": "3.3", "measure": "Percentage of regulatory work proactively identified by AUSTRAC", "result": "77%", "status": "Achieved", "source_page": 45 }, { "code": "3.4", "measure": "Percentage of externally-funded international capability development programs, which realised a capability uplift", "result": "100%", "status": "Achieved", "source_page": 45 }, { "code": "3.5", "measure": "Number of Fintel Alliance-coded suspicious matter reports (SMRs) received", "result": "18,791", "status": "Achieved", "source_page": 45 }, { "code": "4.1", "measure": "Percentage of stakeholders who rated the impact of AUSTRAC’s financial intelligence to their work as having SOMEWHAT OF AN IMPACT (or higher)", "result": "80%", "status": "Achieved", "source_page": 45 }, { "code": "4.2", "measure": "Percentage of partner agency AWB users who rated the impact of AUSTRAC’s data available via AWB to their work as SOMEWHAT OF AN IMPACT (or higher)", "result": "98%", "status": "Achieved", "source_page": 45 } ], "_source_urls": { "annual_report_url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "corporate_plan_url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf" } }, "ideas": [ { "id": "kpi-engagement-moderation", "idea_type": "kpi-recovery", "category": "Regulation & Policy", "title": "Moderate improvement in understanding of AML/CTF obligations", "scale": "Medium", "impact": "Medium", "effort": "Medium", "proof": "Evidence-backed", "beneficiaries": "Reporting entities", "description": "Launch an interactive online module to boost understanding of AML/CTF obligations among reporting entities.", "evidence_quote": "‘Percentage of event/workshop attendees/e-learning participants who reported a MODERATE (or higher) improvement in their understanding of the AML/CTF obligations’ [AR p.44]", "source": "annual-reports/2024-25.pdf [AR p.44]", "implementation_steps": [ "Develop and pilot online module", "Gather feedback and refine", "Roll out nationwide" ], "risks_to_manage": [ "Technical issues", "Low engagement rates" ] }, { "id": "global-import-singapore-fintech", "idea_type": "global-import", "category": "Regulation & Policy", "title": "Singapore Fintech Regulatory Sandbox", "scale": "Large", "impact": "High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Financial technology firms", "description": "Establish a regulatory sandbox modeled on Singapore’s to foster fintech innovation while ensuring compliance.", "evidence_quote": "‘Singapore’s Fintech Regulatory Sandbox’ [global-intel/singapore-fintech-sandbox.txt]", "source": "global-intel/singapore-fintech-sandbox.txt", "implementation_steps": [ "Form a task force", "Draft regulatory framework", "Pilot with selected firms" ], "risks_to_manage": [ "Regulatory uncertainty", "Market competition" ] }, { "id": "strategy-execution-data-sharing", "idea_type": "strategy-execution", "category": "Data & Performance", "title": "Expand data sharing with partner agencies", "scale": "Large", "impact": "High", "effort": "High", "proof": "Plausible", "beneficiaries": "Law enforcement agencies", "description": "Implement a secure data-sharing platform to enhance collaboration with partner agencies on financial intelligence.", "evidence_quote": "‘Priority 2: Transform into a world leading data driven digital agency’ [CP p.11]", "source": "corporate-plans/2025-26.pdf [CP p.11]", "implementation_steps": [ "Identify key partner agencies", "Develop secure data-sharing protocol", "Launch pilot program" ], "risks_to_manage": [ "Data security breaches", "Compliance with privacy laws" ] }, { "id": "operational-fix-dashboard", "idea_type": "operational-fix", "category": "Data & Performance", "title": "Create a public dashboard for financial intelligence", "scale": "Small", "impact": "Medium", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Public", "description": "Build a public dashboard showing weekly active-compliance-monitoring counts by AUSTRAC decision class.", "evidence_quote": "‘Percentage of stakeholders who rated the impact of AUSTRAC’s financial intelligence to their work as having SOMEWHAT OF AN IMPACT (or higher)’ [AR p.45]", "source": "annual-reports/2024-25.pdf [AR p.45]", "implementation_steps": [ "Design dashboard", "Gather and validate data", "Publish and promote" ], "risks_to_manage": [ "Data accuracy", "Public trust" ] }, { "id": "kpi-regulatory-work-proactivity", "idea_type": "kpi-recovery", "category": "Regulation & Policy", "title": "Increase proactive regulatory work", "scale": "Medium", "impact": "Medium", "effort": "Medium", "proof": "Evidence-backed", "beneficiaries": "Reporting entities", "description": "Implement a predictive analytics tool to identify and proactively address potential regulatory issues.", "evidence_quote": "‘Percentage of regulatory work proactively identified by AUSTRAC’ [AR p.45]", "source": "annual-reports/2024-25.pdf [AR p.45]", "implementation_steps": [ "Acquire analytics tool", "Train staff on tool usage", "Monitor and adjust" ], "risks_to_manage": [ "Tool integration issues", "Data privacy concerns" ] }, { "id": "global-import-uk-financial-crime", "idea_type": "global-import", "category": "Regulation & Policy", "title": "Adopt UK’s Financial Crime Strategy", "scale": "Large", "impact": "High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Financial institutions", "description": "Adopt and adapt the UK’s Financial Crime Strategy to enhance AUSTRAC’s regulatory framework.", "evidence_quote": "‘UK Financial Crime Strategy’ [global-intel/uk-financial-crime-strategy.txt]", "source": "global-intel/uk-financial-crime-strategy.txt", "implementation_steps": [ "Conduct comparative analysis", "Draft adaptation plan", "Roll out strategy" ], "risks_to_manage": [ "Resistance to change", "Implementation costs" ] }, { "id": "strategy-execution-guidance-materials", "idea_type": "strategy-execution", "category": "Regulation & Policy", "title": "Enhance guidance materials for stakeholders", "scale": "Medium", "impact": "Medium", "effort": "Medium", "proof": "Plausible", "beneficiaries": "Stakeholders", "description": "Develop more comprehensive and user-friendly guidance materials for stakeholders on AML/CTF compliance.", "evidence_quote": "‘Priority 1: Successfully implement the Government’s AML/CTF reforms’ [CP p.11]", "source": "corporate-plans/2025-26.pdf [CP p.11]", "implementation_steps": [ "Identify gaps in current materials", "Design new materials", "Conduct stakeholder feedback sessions" ], "risks_to_manage": [ "Overwhelming complexity", "Resource allocation" ] }, { "id": "operational-fix-report-automation", "idea_type": "operational-fix", "category": "Data & Performance", "title": "Automate routine compliance reports", "scale": "Small", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Staff", "description": "Automate the generation of routine compliance reports to reduce manual workload and errors.", "evidence_quote": "‘Percentage of reporting entities who submitted their compliance reports on time’ [AR p.45]", "source": "annual-reports/2024-25.pdf [AR p.45]", "implementation_steps": [ "Identify routine reports", "Develop automation tool", "Train staff on new tool" ], "risks_to_manage": [ "System downtime", "Data integrity" ] } ], "legislation_administered": [ { "title": "Anti-Money Laundering and Counter-Terrorism Financing Act 2006", "year": "2006", "type": "Act", "role": "To regulate financial, gambling, bullion, remittance and digital currency exchange services to detect, deter and disrupt money laundering, terrorism financing and other serious crime.", "register_url": "https://www.legislation.gov.au/search?query=Anti-Money+Laundering+and+Counter-Terrorism+Financing+Act+2006" }, { "title": "Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024", "year": "2024", "type": "Act", "role": "To extend the existing AML/CTF legislation to capture additional professions and industries and to simplify and modernise the AML/CTF regime.", "register_url": "https://www.legislation.gov.au/search?query=Anti-Money+Laundering+and+Counter-Terrorism+Financing+Amendment+Act+2024" }, { "title": "Anti-Money Laundering and Counter-Terrorism Financing Rules", "year": "2006", "type": "Regulation", "role": "To provide detailed requirements and guidelines for entities regulated under the AML/CTF Act.", "register_url": "https://www.legislation.gov.au/search?query=Anti-Money+Laundering+and+Counter-Terrorism+Financing+Rules" } ], "artifacts": [ { "category": "annual-reports", "year": "2024-25", "url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "file": "annual-reports/2024-25.pdf", "bytes": 5642830, "link_text": "AUSTRAC annual report 2024-25 (PDF, 5.38MB)" }, { "category": "annual-reports", "year": "2023-24", "url": "https://www.austrac.gov.au/sites/default/files/2024-10/AUSTRAC%20Annual%20Report%202023-24.pdf", "file": "annual-reports/2023-24.pdf", "bytes": 8825102, "link_text": "AUSTRAC annual report 2023-24 (PDF, 8.42MB)" }, { "category": "annual-reports", "year": "2022-23", "url": "https://www.austrac.gov.au/sites/default/files/2023-10/AUSTRAC%20Annual%20Report%202023.pdf", "file": "annual-reports/2022-23.pdf", "bytes": 5674867, "link_text": "AUSTRAC annual report 2022-23 (PDF, 5.41MB)" }, { "category": "annual-reports", "year": "2021-22", "url": "https://www.austrac.gov.au/sites/default/files/2022-11/AUSTRAC_AnnualReport_2021-22_web.pdf", "file": "annual-reports/2021-22.pdf", "bytes": 6127604, "link_text": "AUSTRAC annual report 2021-22 (PDF, 5.84MB)" }, { "category": "annual-reports", "year": "2020-21", "url": "https://www.austrac.gov.au/sites/default/files/2021-10/AUSTRAC_AnnualReport_2020-21_web.pdf", "file": "annual-reports/2020-21.pdf", "bytes": 4124983, "link_text": "AUSTRAC annual report 2020-21 (PDF, 3.93MB)" }, { "category": "corporate-plans", "year": "2025", "url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "file": "corporate-plans/2025.pdf", "bytes": 2592899, "link_text": "AUSTRAC corporate plan 2025-2029" }, { "category": "corporate-plans", "year": "2024", "url": "https://www.austrac.gov.au/sites/default/files/2024-08/AUSTRAC%20Corporate%20Plan%202024-28.pdf", "file": "corporate-plans/2024.pdf", "bytes": 2992044, "link_text": "AUSTRAC corporate plan 2024-2028" }, { "category": "corporate-plans", "year": "2023", "url": "https://www.austrac.gov.au/sites/default/files/2023-08/AUSTRAC_CorporatePlan2023_web.pdf", "file": "corporate-plans/2023.pdf", "bytes": 3452059, "link_text": "AUSTRAC corporate plan 2023-2027" }, { "category": "corporate-plans", "year": "2022", "url": "https://www.austrac.gov.au/sites/default/files/2022-08/AUSTRAC_CorporatePlan2022_web.pdf", "file": "corporate-plans/2022.pdf", "bytes": 3182843, "link_text": "AUSTRAC corporate plan 2022-2026" }, { "category": "corporate-plans", "year": "2021", "url": "https://www.austrac.gov.au/sites/default/files/2021-08/AUSTRAC_Corporate_Plan_2021-25_v2.pdf", "file": "corporate-plans/2021.pdf", "bytes": 1807869, "link_text": "AUSTRAC corporate plan 2021-2025" }, { "category": "other-pdfs", "year": "2024", "url": "https://www.aic.gov.au/sites/default/files/2024-09/money_laundering_and_the_harm_from_organised_crime.pdf", "file": "other-pdfs/money_laundering_and_the_harm_from_organised_crime.pdf", "bytes": 1079655, "link_text": "Australian Institute of Criminology" }, { "category": "other-pdfs", "year": "2025-26", "url": "http://www.austrac.gov.au/sites/default/files/2025-07/2025_AUSTRAC_Regulatory_Priorities.pdf", "file": "other-pdfs/2025_AUSTRAC_Regulatory_Priorities.pdf", "bytes": 1737331, "link_text": "2025–26 Regulatory Priorities (PDF, 1.66 MB)" } ], "_meta": { "snapshot_built_at": "2026-05-13T11:02:42+00:00", "strategy_brief_meta": { "model": "nova-micro", "folder": "Australian-Transaction-Reports-and-Analysis-Centre", "annual_report": { "file": "annual-reports\\2024-25.txt", "url": "https://www.austrac.gov.au/sites/default/files/2025-10/AUSTRAC%20Annual%20Report%202024-25_3.pdf", "year": "2024-25" }, "corporate_plan": { "file": "corporate-plans\\2025.txt", "url": "https://www.austrac.gov.au/sites/default/files/2025-08/AUSTRAC%20corporate%20plan%202025-2029.pdf", "year": "2025" }, "usage": { "input_tokens": 35450, "output_tokens": 1629, "total_tokens": 37079, "model": "nova-micro" }, "cost_usd": 0.00146881, "elapsed_seconds": 9.6, "generated_at": "2026-05-13T03:53:53+00:00" }, "ideas_manifest": { "folder": "Australian-Transaction-Reports-and-Analysis-Centre", "entity_id": "O-000788", "model": "nova-micro", "generated_at": "2026-05-13T03:54:15+00:00", "elapsed_seconds": 5.22, "usage": { "input_tokens": 6508, "output_tokens": 1691, "total_tokens": 8199, "model": "nova-micro" }, "cost_usd": 0.00046452000000000006, "n_ideas": 8, "inputs": { "overview_chars": 7433, "brief_chars": 956, "legis_chars": 65153 } }, "global_intel_meta": { "folder": "Australian-Transaction-Reports-and-Analysis-Centre", "entity_id": "O-000788", "model": "nova-micro", "usage": { "input_tokens": 3228, "output_tokens": 1166, "total_tokens": 4394, "model": "nova-micro" }, "cost_usd": 0.00027622000000000004, "elapsed_seconds": 4.23, "generated_at": "2026-05-13T03:54:25+00:00" } } }