Threshold transaction identification requirements

From 1 October 2011 reporting entities will be required to include details of the individual conducting the threshold transaction where that individual is not the customer of the designated service. (Background)

Austrac has issued a Guidance Note for reporting entities as well as a Fact Sheet for the public

Reporting entities will be expected to use new October 2011 TTR forms for all threshold transactions that take place from 1 October 2011 onwards (information about the form changeover).

 

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