AUSTRALIA: GUIDANCE ON HOW TO SUBMIT MORE EFFECTIVE SUSPICIOUS MATTER REPORTS (SMR)

AUSTRAC has released this Guidance says that SMR with incomplete, inaccurate or unstructured descriptions and summaries can make further meaningful analysis difficult and lessen the SMR’s overall usefulness.  This document provides guidance to assist reporting entities in submitting more effective SMR, thus helping AUSTRAC to generate more actionable intelligence for police and other partner agencies. The better the quality, accuracy and timeliness of an SMR, the greater the value they have for the detection, deterrence and disruption of criminal and terrorist activity.

https://www.austrac.gov.au/sites/default/files/2021-04/AUSTRAC_suspicious%20matter%20reporting_reference%20guide.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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