AUSTRAC reporting you can rely on
Automate how you identify reportable and non-reportable transactions, and create a single, auditable view of reporting obligations to comply with AUSTRAC rules
AUSTRAC Reporting Today
Identifying IFTI and TTR transactions is highly manual, increasing the risk of financial crime and non-compliance
For complete and accurate AUSTRAC reporting
Automate identification of reportable and non-reportable transactions and spot problems with reporting data early, so they can be remediated prior to being sent to AUSTRAC
To learn more about the top five data challenges facing AUSTRAC reporting entities today, download the discussion paper
To discuss how Identitii can help simplify your AUSTRAC reporting, fill in the form below and we’ll be in touch shortly.
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.