AUSTRAC has announced that 2011 AML/CTF compliance reports can now be lodged and are due by 31 March 2012.

All reporting entities who offered designated services during any part of the reporting period from 1 January 2011 to 31 December 2011 must lodge a report.

The 2011 AML/CTF compliance report asks questions relating to four broad topics:
• AML/CTF programs – Part A
• AML/CTF programs – Part B
• reporting obligations
• correspondent banking relationships and electronic funds transfer instructions (if applicable).