AUSTRAC Reporting and Recordkeeping Basics

A missed report or incomplete compliance record can expose your organisation to serious AML/CTF risks....

4.7(6)
255
2-5 Hours
20
Intermediate

About This Course

A missed report or incomplete compliance record can expose your organisation to serious AML/CTF risks. Under Australia’s AML/CTF framework, reporting entities must understand when reporting obligations apply, maintain accurate records, and demonstrate effective controls to help detect and prevent financial crime.

The AUSTRAC Reporting and Recordkeeping Basics course provides practical, Australia-focused training to help professionals understand key AML/CTF reporting and documentation requirements. Participants will learn about Suspicious Matter Reports (SMRs), Threshold Transaction Reports (TTRs), International Funds Transfer Instructions (IFTIs), customer due diligence records, compliance documentation, reporting decisions, and recordkeeping practices that support regulatory expectations and audit readiness.

Designed for AML/CTF professionals, compliance teams, risk managers, financial services professionals, legal practitioners, accountants, real estate professionals, fintech teams, and other regulated industries, this online course helps learners build confidence in managing reporting obligations and maintaining effective compliance records. Through practical examples and workplace scenarios, participants will gain the skills to strengthen AML/CTF frameworks, support AUSTRAC compliance, and contribute to stronger financial crime prevention practices.

What You'll Learn

By completing this course, you will be able to:

  • Understand AUSTRAC’s role within Australia’s AML/CTF framework.
  • Identify reporting entities and designated services under AML/CTF laws.
  • Apply risk-based decision-making when assessing suspicious activity.
  • Recognise suspicious behaviour and reasonable grounds for suspicion.
  • Understand when and how to submit Suspicious Matter Reports (SMRs).
  • Identify Threshold Transaction Report (TTR) and transfer reporting obligations.
  • Prepare clear, accurate, and defensible compliance reports.
  • Document compliance decisions and maintain supporting evidence.
  • Meet AML/CTF recordkeeping requirements and seven-year retention obligations.
  • Support audit readiness through effective compliance documentation and governance practices.

Who should Take This Course

This course is ideal for:

  • AML/CTF Compliance Officers
  • Reporting Entity Staff
  • Risk and Compliance Managers
  • Governance Professionals
  • Financial Crime Analysts
  • Customer Due Diligence Teams
  • Financial Services Employees
  • Real Estate Professionals
  • Lawyers and Accountants
  • Fintech and Payments Personnel
  • Internal Auditors
  • Business Owners and Senior Managers
  • Anyone involved in AML/CTF reporting or compliance activities

Career opportunities

AML/CTF reporting and compliance expertise is increasingly sought after across regulated sectors and financial crime prevention functions.

This course can support career development in roles such as:

  • AML/CTF Compliance Officer
  • Financial Crime Analyst
  • Risk and Compliance Manager
  • Governance Officer
  • Regulatory Reporting Specialist
  • Customer Due Diligence Analyst
  • Compliance Coordinator
  • Internal Auditor
  • Compliance Manager
  • Financial Services Compliance Professional
  • AML Operations Specialist
  • Regulatory Affairs Advisor

As Australian AML/CTF obligations continue to evolve, professionals with expertise in AUSTRAC reporting, compliance governance, and recordkeeping requirements will remain highly valued across financial services, professional services, real estate, fintech, and other regulated industries.

Requirements

There are no formal prerequisites for this course.

The training is suitable for professionals responsible for compliance, governance, risk management, customer onboarding, financial crime prevention, auditing, recordkeeping, or regulatory reporting. No prior AML/CTF experience is required.

Certification

Certification

Upon successful completion of the course and final assessment, learners will receive a Digital Certificate from Australian Compliance Training.

This certificate demonstrates knowledge of AUSTRAC reporting obligations, AML/CTF recordkeeping requirements, compliance governance practices, and financial crime reporting responsibilities within Australian regulated industries.

Certification

Why Choose Us

  • 100% online and self-paced learning designed for busy professionals.
  • Practical, compliance-focused content aligned with Australian AML/CTF requirements.
  • Real-world reporting examples and regulatory case studies.
  • Interactive assessments that reinforce practical application and decision-making.
  • Instant digital certification upon successful completion.
  • Trusted training designed to strengthen compliance capability and regulatory readiness.

Compliance and Regulatory Alignment

This course supports awareness and understanding of:

  • Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act)
  • AUSTRAC AML/CTF Rules and Guidance
  • Suspicious Matter Reporting (SMR) Requirements
  • Threshold Transaction Reporting (TTR) Obligations
  • International Funds Transfer Reporting Requirements
  • Customer Due Diligence (CDD) Recordkeeping Requirements
  • Risk-Based AML/CTF Compliance Programs
  • Privacy Act 1988 and Information Handling Obligations
  • Compliance Governance and Audit Requirements
  • AML/CTF Reform Measures and Regulatory Expectations

Course Curriculum

6 sections20 lectures2-5 Hours
▶ 1.1 Everyday Money Laundering and Terrorism Financing Risks
▶ 1.2 AUSTRAC Reports and Financial Intelligence
▶ 1.3 Reporting Entities and Designated Services
▶ 1.4 Risk-Based Reporting Decisions
▶ Quiz
▶ 2.1 Reasonable Grounds for Suspicion
▶ 2.2 Suspicious Matter Reports
▶ 2.3 Threshold Transaction Reports
▶ 2.4 International and Annual Compliance Reporting
▶ Quiz
▶ 3.1 Customer Behaviour as Compliance Evidence
▶ 3.2 Suspicion Decisions and Decision Records
▶ 3.3 Tipping-Off and Confidentiality Risks
▶ 3.4 Common Reporting Mistakes
▶ Quiz
▶ 4.1 Seven-Year AML/CTF Recordkeeping Duties
▶ 4.2 Customer Due Diligence Records
▶ 4.3 Transaction Reconstruction Records
▶ 4.4 Programme Records, Governance, and Audit Trails
▶ Quiz
▶ 5.1 Privacy and Customer Information Handling
▶ 5.2 Ethical Risk Assessment Without Bias
▶ 5.3 AUSTRAC Enforcement Case Lessons
▶ 5.4 2026 AML/CTF Reform Impacts
▶ Quiz
▶ Quiz

Frequently Asked Questions


This course teaches the fundamentals of AUSTRAC reporting, AML/CTF recordkeeping obligations, and compliance requirements for reporting entities operating in Australia.


This course is ideal for compliance officers, reporting entity staff, financial services professionals, accountants, lawyers, real estate professionals, and anyone responsible for AML/CTF compliance.


Yes. The training explains Suspicious Matter Reports (SMRs), Threshold Transaction Reports (TTRs), international reporting obligations, recordkeeping duties, and risk-based compliance under Australia's AML/CTF framework.


Yes. You'll learn how to identify reasonable grounds for suspicion, prepare defensible reports, avoid common reporting mistakes, and comply with tipping-off restrictions.


Yes. The course covers seven-year recordkeeping obligations, customer due diligence records, transaction records, governance documentation, and audit-ready compliance practices.


This training helps organisations meet AUSTRAC obligations, strengthen AML/CTF compliance, prepare for the 2026 reforms, reduce regulatory risk, and maintain accurate compliance records.

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