The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia's anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit. AUSTRAC was established under the Financial Transaction Reports Act 1988 (FTR Act) and is continued in existence by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). In its regulatory role AUSTRAC oversees compliance with the requirements of the FTR Act by a wide range of financial services providers, the gambling industry and others. Since 12 December 2006, AUSTRAC also oversees compliance with the AML/CTF Act, which comes into effect on various dates from 12 December 2006 to 12 December 2008. AUSTRAC also has an intelligence role where it provides information to State, Territory and Australian Government law enforcement, security, social justice and revenue agencies. Businesses dealing with cash transactions such as the TAB, casinos and financial institutions are obliged to report large and suspect cash transactions to AUSTRAC. AUSTRAC has offices in Sydney, Melbourne, Canberra, Brisbane and Perth.
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