AML Terms
Decoding Australia’s AML terminology
Travel Rule
Table of Contents Quick Summary: Travel Rule at a Glance Meaning: A requirement that certain payer and payee information travels with a transfer of value, so transfers are transparent end to end. Who it typically applies to: Financial institutions, remittance service providers and virtual asset service providers, and in some cases gambling and currency exchange businesses involved in international transfers.
Travel Rule
Table of Contents Quick Summary: Travel Rule at a Glance Meaning: A requirement that certain payer and payee information travels with a transfer of value,
Transfer of Value
Learn what transfer of value means under AML and CTF reforms, how it connects to the travel rule, key examples, exclusions, and obligations starting 31 March 2026 for in-scope businesses.
Terrorism Financing
Stop treating terrorism financing as just a banking issue. Learn the legal definitions, AUSTRAC compliance measures, and how to detect low-frequency, high-impact TF risks in your business workflows.
Threshold Transaction Report
Understand Threshold Transaction Reports (TTR) for AUSTRAC. Expert compliance guidance for Tranche 2 lawyers, accountants, and real estate agents in Australia.
Designated Service
In AML terminology, Designated Service covers services listed by law that trigger AML compliance, monitoring, and reporting duties.
Customer Due Diligence
Discover CDD basics in AML – identity checks, risk profiling, and ongoing monitoring to protect your business from money laundering and fraud.
Know Your Customer
Learn what Know Your Customer (KYC) means in anti-money laundering compliance – identity verification, risk assessment and due diligence obligations.
Tipping Off
Table of Contents Quick Guide: Tipping Off in Practice Meaning: From 31 March 2025 it is a criminal offence to
Transaction Monitoring
A dedicated guide to transaction monitoring for Tranche 2 businesses. See how lawyers, accountants, & real estate agents must monitor funds under AML/CTF laws.
Suspicious Matter Report
Understand your SMR (Suspicious Matter Report) obligations. Explore the criteria for “reasonable suspicion,” reporting timelines, & AML/CTF Act compliance rules.