Law, justice & securityAgencyExists today

Australian Transaction Reports and Analysis Centre

AUSTRAC

6 December 1992 – present

Previously Cash Transaction Reports Agency (1989–1992).

Australia's financial intelligence unit and anti-money laundering and counter-terrorism financing regulator, which receives and analyses financial transaction reports and supervises reporting entities' compliance.

Names over time

Cash Transaction Reports Agency1989–1992
Australian Transaction Reports and Analysis Centre1992–present

How it came into existence

Took its current name in December 1992, when the Cash Transaction Reports Agency was renamed and its Act became the Financial Transaction Reports Act 1988.

Renamed from Cash Transaction Reports Agency · 6 December 1992

Legislation: Anti-Money Laundering and Counter-Terrorism Financing Act 2006; Financial Transaction Reports Act 1988

Changes during its life

12 December 2006The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 commenced, becoming the agency's principal enabling Act and widening its regulatory role.
20 December 2017Moved from the Attorney-General's portfolio to the new Home Affairs portfolio.

Main functions

Financial intelligence collection and analysis
Anti-money laundering and counter-terrorism financing regulation
Supervision and enforcement of reporting entities
Dissemination of financial intelligence to partner agencies
Remittance and digital currency exchange registers

Where it sits

In the portfolio of Department of Home Affairs.

Type of body: Non-corporate Commonwealth entity
Portfolio: Home Affairs
Accountable authority: Chief Executive Officer – Anti-Money Laundering and Counter-Terrorism Financing Act 2006 section 209(4)
ABN: 32 770 513 371

Lineage

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Sources