AML/CTF acronyms
Every acronym you'll encounter in Australia's Tranche 2 compliance regime, explained in plain English.
A
ABN
Australian Business Number
ACN
Australian Company Number
ACNC
Australian Charities and Not-for-profits Commission
AFP
Australian Federal Police
AML
Anti-Money Laundering
AML/CTF
Anti-Money Laundering and Counter-Terrorism Financing
ARNECC
Australian Registrars' National Electronic Conveyancing Council
ASIC
Australian Securities and Investments Commission
ATO
Australian Taxation Office
AUSTRAC
Australian Transaction Reports and Analysis Centre
C
CDD
Customer Due Diligence
CTF
Counter-Terrorism Financing
D
DFAT
Department of Foreign Affairs and Trade
DNFBPs
Designated Non-Financial Businesses and Professions
E
EDD
Enhanced Due Diligence
F
FATF
Financial Action Task Force
I
IFT
International Funds Transfer
IFTI
International Funds Transfer Instruction
K
KYC
Know Your Customer
M
ML
Money Laundering
ML/TF
Money Laundering and Terrorism Financing
P
PEP
Politically Exposed Person
PEPs
Politically Exposed Persons
S
SDD
Simplified Due Diligence
SMR
Suspicious Matter Report
SMRs
Suspicious Matter Reports
T
TCSP
Trust and Company Service Provider
TF
Terrorism Financing
TTR
Threshold Transaction Report
TTRs
Threshold Transaction Reports
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