Australia - National & Industry Risk Assessments

National Risk Assessment by AUSTRAC

Download the National Risk Assessment 2024 PDF

The Money Laundering in Australia National Risk Assessment 2024 is an important component of Australia's efforts to combat money laundering and other serious crimes. This assessment integrates insights from Australian law enforcement, intelligence and regulatory agencies, private sector stakeholders, and international financial intelligence units (FIUs) to evaluate the risks associated with money laundering.

Industry Risk Assessments by AUSTRAC

Risk assessments from AUSTRAC that examine current money laundering and terrorism financing threats and vulnerabilities in specific parts of Australia’s financial sector.

Independent remittance dealers risk assessment 2022 Remittance network providers and affiliates risk assessment 2022	The remittance sector (also known as ‘money transfer businesses’) plays an important role in global financial inclusion, helping transfer funds to and from areas that may not be well served by traditional banking. However, the sector can also be a target for criminals who often try and use remittance businesses to commit fraud and scams, money laundering, and other serious crimes.
Bullion dealers risk assessment 2022	Criminals target bullion dealers to launder illicit funds and evade taxes, and facilitate crimes including fraud, scams and drug trafficking. Similarly to legitimate investors, criminals may use gold as a hedge against inflation, currency risk, and a store of value during economic and political uncertainty. This assessment provides you with a deep dive into the criminal threat environment and vulnerabilities facing the bullion sector, as well as their potential consequences.
Key findings from the Australian banking sector ML/TF risk assessments 2021	These resources provide an overview of how ML/TF risk is distributed across Australia’s banking sector.
Major banks in Australia risk assessment 2021	An assessment of the money laundering and terrorism financing (ML/TF) risks associated with the major banks subsector to help identify, mitigate and manage risks.
Other domestic banks in Australia risk assessment 2021	An assessment of the money laundering and terrorism financing (ML/TF) risks associated with the other domestic banks subsector to help identify, mitigate and manage risks.
Foreign subsidiary banks in Australia risk assessment 2021	An assessment of the money laundering and terrorism financing (ML/TF) risks associated with the foreign subsidiary bank subsector to help identify, mitigate and manage risks.
Foreign bank branches in Australia risk assessment 2021	An assessment of the money laundering and terrorism financing (ML/TF) risks associated with the foreign bank branches subsector to help identify, mitigate and manage risks.
Australia’s non-bank lending and financing sector risk assessment 2021	An assessment of the money laundering and terrorism financing (ML/TF) risks associated with the non-bank lending and financing sector to help identify, mitigate and manage risks.
Junket tour operations in Australia risk assessment 2020	An assessment of the money laundering and terrorism financing (ML/TF) risks associated with the junket tour operations sector to assist casinos to identify, mitigate and manage risks.
Australia’s mutual banking sector risk assessment 2019	With information specific to mutual banks, this report outlines the sector’s exposure to financial crime and includes pathways to strengthen risk mitigation.
On-course bookmakers risk assessment 2018	An assessment of the money laundering and terrorism financing risks associated with the on-course bookmaking sector to help bookmakers evaluate their AML/CTF systems and controls.
Traveller's cheques risk assessment 2018	An assessment of the money laundering and terrorism financing risks associated with the use of traveller's cheques.