Automate IFTI, TTR and SMR reporting
Ensure complete and accurate AUSTRAC reporting via a single platform that securely manages transaction data internally, and to the regulator
AUSTRAC Reporting Today
Identifying IFTI, TTR and SMR transactions is highly manual, increasing the risk of financial crime and non-compliance
How we can help
Reduce the risk of non-compliance
How it works
To learn more about the top five data challenges facing AUSTRAC reporting entities today, download the discussion paper
More accurate IFTI and TTR reporting for AUSTRAC
Banks that conduct business in Australia are required to report transaction data to AUSTRAC under its mandate to reduce financial crime.
Today, this often requires sourcing data from disparate systems internally to gain a complete picture of a transaction, and with volumes continuing to increase, the burden of reporting will only get higher.
Reporting, powered by Overlay+ simplifies AUSTRAC reporting for the 14,000 entities required to provide International Fund Transfer Instructions (IFTI) and Threshold Transaction Reports (TTR). It overlays on top of existing technology systems to create a single, shared source of truth for transaction data, reducing operational costs and simplifying reporting.