Austrac has published draft AML/CTF Rules relating to Account-based Money Transfer (ABMT) services. The draft Rules specify both foreign MoneyGram and foreign Western Union agents as ordering institutions (for instructions transmitted into Australia) and beneficiary institutions (for instructions transmitted out of Australia) for the respective MoneyGram and Western Union ABMTs. International funds transfer instructions made using either of the ABMT services must be reported to AUSTRAC.

The MoneyGram and Western Union ABMT services enable authorised deposit-taking institutions (ADIs), which are principally small banks, building societies and credit unions, to offer their customers the ability to undertake or receive remittance transfers through the respective MoneyGram and Western Union platforms. This includes transactions involving internet, over-the-counter or telephone banking. Through the ABMT service the ADI customer is able to use their account as the source or destination of funds transferred between Australia and overseas.