AUSTRAC infringement notices
AUSTRAC infringement notices
Received an AUSTRAC
infringement notice?
Most notices must be paid within 28 days. Here’s what to do next, and how Personr helps you fix the compliance gaps behind the notice so you don’t get another one.
What to do in the next 28 days
Step 1: Check what the notice is for
Step 1: Check what the notice is for
A notice lists each contravention, the amount and how to pay. Each contravention is a fixed penalty. Pay by the deadline and AUSTRAC can’t take you to court over those breaches, though it can still use other tools, like a remedial direction. Paying isn’t an admission of liability.
A notice lists each contravention, the amount and how to pay. Each contravention is a fixed penalty. Pay by the deadline and AUSTRAC can’t take you to court over those breaches, though it can still use other tools, like a remedial direction. Paying isn’t an admission of liability.
Step 2: Don’t miss the deadline
Step 2: Don’t miss the deadline
Step 3: Get advice if you want to contest it
Personr isn’t a law firm and can’t advise on your notice. If you think it’s wrong, talk to a lawyer before the deadline, or find an AML consultant in our directory.
Personr isn’t a law firm and can’t advise on your notice. If you think it’s wrong, talk to a lawyer before the deadline, or find an AML consultant in our directory.
Step 4: Fix the gap behind the notice
Step 4: Fix the gap behind the notice
Enrol with AUSTRAC if you haven’t, answer any outstanding AUSTRAC requests, and get your AML/CTF program, customer checks and reporting in place. AUSTRAC says enrolment notices can accrue daily. Not sure if you need to enrol? Check our Tranche 2 guide.
Enrol with AUSTRAC if you haven’t, answer any outstanding AUSTRAC requests, and get your AML/CTF program, customer checks and reporting in place. AUSTRAC says enrolment notices can accrue daily. Not sure if you need to enrol? Check our Tranche 2 guide.
Check the amount on your notice
Compare it with AUSTRAC’s published rates. A few quick questions.
Pay within 28 days (or any longer time AUSTRAC allows) and AUSTRAC can’t take you to court over those breaches, though it can still use other tools, like a remedial direction. Unpaid notices can go to the Federal Court.
In court, the maximum civil penalty is $36,400,000 per breach for a company. AUSTRAC says enrolment notices can accrue daily.
Estimate only, using AUSTRAC’s published rates: 60 penalty units per breach for a company or 12 for an individual, at $364 per unit for breaches from 1 July 2026 or $330 for breaches from 7 November 2024 to 30 June 2026. AUSTRAC decides how many breaches a notice covers, and some enrolment and registration notices can be higher. This isn’t legal advice.
How Personr helps you get compliant
When you need to implement an AML/CTF program
When you need to implement an AML/CTF program
Keep your AML/CTF program in Personr and use the platform’s tools to put it into practice, so the gaps behind a notice don’t come back.
Keep your AML/CTF program in Personr and use the platform’s tools to put it into practice, so the gaps behind a notice don’t come back.
When you need to verify your customers
When you need to verify your customers
Verify people with Know Your Customer (KYC) data in more than 50 countries, and businesses with Know Your Business (KYB) checks across 200+ jurisdictions.
Verify people with Know Your Customer (KYC) data in more than 50 countries, and businesses with Know Your Business (KYB) checks across 200+ jurisdictions.
When you need to provide customer due diligence
When you need to provide customer due diligence
Run standard and enhanced customer due diligence with ongoing monitoring, so you can assess risk at onboarding and respond when a customer’s circumstances change.
Run standard and enhanced customer due diligence with ongoing monitoring, so you can assess risk at onboarding and respond when a customer’s circumstances change.
When you have reporting obligations
When you have reporting obligations
Prepare and manage suspicious matter reports (SMRs) and threshold transaction reports (TTRs) in one place, with audit-ready records. Late and missing reports are behind most of the notices AUSTRAC has published.
Prepare and manage suspicious matter reports (SMRs) and threshold transaction reports (TTRs) in one place, with audit-ready records. Late and missing reports are behind most of the notices AUSTRAC has published.
AUSTRAC infringement notice FAQs
What is an AUSTRAC infringement notice?
How much is an AUSTRAC infringement notice?
What happens if I don’t pay?
Does paying mean I’m admitting fault?
Why did my business get a notice?
Can Personr deal with the notice for me?
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Get started in three steps
1
Create your free account
Sign up in minutes. No lock-in contracts.
2
Add your clients
Onboard new and existing clients through your own branded, self-serve flow.
3
Get set up with our team
Our compliance experts help you set up your program, navigate local laws and get your team trained.
Get started in three steps
1
Create your free account
Sign up in minutes. No lock-in contracts.
2
Add your clients
Onboard new and existing clients through your own branded, self-serve flow.
3
Get set up with our team
Our compliance experts help you set up your program, navigate local laws and get your team trained.
Personr
L32 152-158 St Georges Terrace,
Perth, WA 6000, Australia
© Personr Pty Ltd (AUS), 2021-2026. ACN 697 453 400. All rights reserved.
Personr
L32 152-158 St Georges Terrace,
Perth, WA 6000, Australia
© Personr Pty Ltd (AUS), 2021-2026. ACN 697 453 400. All rights reserved.
Personr
L32 152-158 St Georges Terrace,
Perth, WA 6000, Australia
© Personr Pty Ltd (AUS), 2021-2026. ACN 697 453 400. All rights reserved.