Solutions
We examine the forces behind the changing environment and what it means for reporting entities and regulators.
Enforcement actions and penalties for non-compliance with anti-money laundering (AML) and counterterrorist financing (CTF) regulations are on the rise.
But financial institutions and compliance teams are struggling to keep up with the increasing volume of transactions and data, hamstrung by legacy systems, budget and resourcing constraints, and the task of operating in a hybrid workplace due to COVID-19.
All the while, cybercriminals and fraudsters are doing their best to stay one step ahead of regulators and compliance teams.
AUSTRAC reporting is hard for any company. Whether you report 500 or 15 million transactions a year, the process is highly manual and takes time and focus away from doing what you do best.
Ready to automate complete and accurate AUSTRAC reporting?
Reduce your risk of non-compliance
Quickly strengthen AML and CTF compliance processes
Future proof reporting processes with ISO 20022 readiness
Improve visibility and oversight of compliance
Have a complete view of reporting over time
Download Industry Report
Rapidly evolving regulations, technology, and tough resource challenges are affecting AML compliance in 2023. Download the report to find out how regulated entities are staying ahead of the compliance curve.
Solutions
Automate AUSTRAC reporting
Ensure complete and accurate IFTI, TTR and SMR reporting to reduce the risk of non-compliance
It's easy to get started. Sign up today and be reporting in hours.
AUSTRAC reporting is hard for any company. Whether you report 500 or 15 million transactions a year, the process is highly manual and takes time and focus away from doing what you do best.
With Identitii, everything you need to ensure complete and accurate AUSTRAC reporting is at your fingertips. Our platform helps you save time, simplify reporting and always know what has been reported and why.
All of your AUSTRAC reporting needs in a single platform
Save time
Free AML and operations teams from manual reporting, so they can focus on high value tasks
- End-to-end automation removes manual processes
- Ingest SWIFT FIN or ISO 20022 file formats
- Automate exceptions and data flows
- Secure file sharing via SFTP or direct integration
- Manual or automated information collection from clients
Simplify Reporting
Make it easier to identify, collect and submit IFTI, TTR and SMR reports to the regulator
- Latest AUSTRAC schemas and rules
- IFTI and TTR reporting inbuilt, with SMR on the way
- Remediate exceptions prior to being sent to AUSTRAC
- Conversion into AUSTRAC formats
- Increase visibility of reporting across the organisation
Reduce Risk
Know what has been reported and why, and access a complete audit trail for every transaction.
- Assign read-only, editor and approver roles
- Inbuilt escalation timeframe to ensure deadlines are met
- Report directly to AUSTRAC in the right format
- Detailed audit trail per transaction
- Auditable record of report submissions and AUSTRAC response
Reduce your risk of non-compliance
Quickly strengthen AML and CTF compliance processes
Future proof reporting processes with ISO 20022 readiness
Improve visibility and oversight of compliance
Have a complete view of reporting over time
Ready to automate complete and accurate AUSTRAC reporting?
Need to talk to someone about your specific requirements? Book a time with our sales team now.
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To learn more about the top five data challenges facing AUSTRAC reporting entities today, download the discussion paper
