AML Compliance Guide

Suspicious matter reporting

When you have reasonable grounds to suspect a matter involves proceeds of crime or ML/TF, you must file a Suspicious Matter Report (SMR) with AUSTRAC — within 24 hours for terrorism-financing matters, 3 business days for others. Tipping off a client is prohibited.

Suspicious matter reporting guides by profession

Real estate professionals

Complete guide to Suspicious matter reporting obligations for Australian Real estate agents. AUSTRAC requirements, deadlines, and free compliance checklist

Accountants

Complete guide to Suspicious matter reporting obligations for Australian Accountants. AUSTRAC requirements, deadlines, and free compliance checklist. Updat

Lawyers

Complete guide to Suspicious matter reporting obligations for Australian Lawyers. AUSTRAC requirements, deadlines, and free compliance checklist. Updated J

Conveyancers

Complete guide to Suspicious matter reporting obligations for Australian Conveyancers. AUSTRAC requirements, deadlines, and free compliance checklist. Upda

Dealers in precious metals, stones and products

Complete guide to Suspicious matter reporting obligations for Australian Precious metals & stones dealers. AUSTRAC requirements, deadlines, and free compli

Trust and company service providers

Suspicious matter reporting guide for Trust and company service providerss in Australia. AUSTRAC requirements, deadlines, and practical steps. Updated June

Virtual asset service providers

Suspicious matter reporting guide for Virtual asset service providerss in Australia. AUSTRAC requirements, deadlines, and practical steps. Updated June 202

Bookkeepers

Suspicious matter reporting guide for Bookkeeperss in Australia. AUSTRAC requirements, deadlines, and practical steps. Updated June 2026.

Financial advisers

Suspicious matter reporting guide for Financial adviserss in Australia. AUSTRAC requirements, deadlines, and practical steps. Updated June 2026.

Handling this with software instead?

See whether AML compliance software is actually required for Suspicious matter reporting, or compare it against the AML/CTF compliance platform options built for Tranche 2.

A lightweight AML platform, built exclusively for Tranche 2

Get AUSTRAC's mandates done as fast and effortless as possible.

  • Built around AUSTRAC's actual requirements
  • Single maintained compliance file
  • No compliance expertise required
  • 25 minute initial compliance setup
  • Obligations calendar & reminders
  • Instant data export
Setup: ~25 minutes Ongoing: minutes per client Price: $8 per KYC
See the product →