---
title: "AUSTRAC Reports"
description: "Overview"
canonical_url: "https://infotrack-australia.brainfish.ai/articles/austrac-reports-LdPKTIsafc"
md_url: "https://infotrack-australia.brainfish.ai/articles/austrac-reports-LdPKTIsafc.md"
---
# AUSTRAC Reports

## Overview

The AUSTRAC Reports tab is designed to handle reporting requirements related to AUSTRAC.AUSTRAC reporting supports the detection and disruption of money laundering, terrorism financing, and other serious crimes.

A business is considered a reporting entity under the AML/CTF Act when it provides designated services.

## Development Status

The specific details of the AUSTRAC reports feature are currently being finalised. The team is working through these details to ensure a robust solution.

## Summary

While the tab is visible in the interface, the full functionality is being refined to ensure it meets user needs effectively upon release.Key AUSTRAC reporting obligations include:

* Suspicious Matter Reports (SMRs): timeframes depend on whether the matter relates to terrorism financing or to money laundering/other serious crimes.
* Threshold Transaction Reports (TTRs): required when physical cash or digital assets of $10,000 or more are received or provided as part of a designated service.
* Annual Compliance Report: assesses the effectiveness of the business’s AML/CTF program, including risk assessment, reporting, and governance. Users can expect updates to this section as development progresses.