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AUSTRAC 2007

Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1)

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614

Rules extracted

3,559

Obligations decomposed

5.8x

Avg obligations per rule

🇦🇺 Australia

Jurisdiction

What AuditDSS covers

Source

Regulation

Extracted

614

Rules

Decomposed

3,559

Obligations

5.8x

Decomposition ratio

Each rule is decomposed into an average of 5.8 atomic obligations — the smallest testable units that can be independently violated.

Fully extracted & scored

All 3,559 obligations have been decomposed, titled, risk-scored, and embedded for semantic matching.

Risk scoring

Every obligation in AUSTRAC 2007 is scored across independent risk dimensions:

Obligation Weight

How critical within the regulatory framework

Violation Likelihood

How often breached in practice

Enforcement Evidence

Regulator enforcement history and penalties

Cascade Dependency

How many obligations depend on this one

Regulatory details

Full title: AUSTRAC 2007
Regulatory body: Australian Transaction Reports and Analysis Centre
Jurisdiction: 🇦🇺 Australia
Document type: rules
Effective date: December 12, 2007
Industry: AML & Counter-Terrorism Financing

Who this applies to

banksinsurersgambling operatorsremittance providersbullion dealers

Key requirements

AML/CTF program
customer identification procedures
ongoing customer due diligence
suspicious matter reporting
record keeping

Frequently asked questions about AUSTRAC 2007

What is AUSTRAC 2007?

Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1)

Who does AUSTRAC 2007 apply to?

AUSTRAC 2007 applies to banks, insurers, gambling operators, remittance providers, bullion dealers.

How many obligations does AUSTRAC 2007 contain?

AuditDSS has decomposed AUSTRAC 2007 into 3,559 atomic obligations from 614 rules. Each obligation is independently testable and risk-scored.

What are the key requirements of AUSTRAC 2007?

The key requirements include: AML/CTF program, customer identification procedures, ongoing customer due diligence, suspicious matter reporting, record keeping.

How can I assess my AUSTRAC 2007 compliance?

Upload your compliance policy to AuditDSS. The platform maps your document against all 3,559 AUSTRAC 2007 obligations using deterministic AI scoring — not checklists or LLM summaries. You get a risk-scored gap analysis showing exactly which obligations are covered, partially covered, or missing.

Which jurisdiction enforces AUSTRAC 2007?

AUSTRAC 2007 is enforced in Australia by Australian Transaction Reports and Analysis Centre.

When did AUSTRAC 2007 come into effect?

AUSTRAC 2007 became effective on December 12, 2007.

What industry does AUSTRAC 2007 apply to?

AUSTRAC 2007 is primarily relevant to the AML & Counter-Terrorism Financing industry. AuditDSS covers 64 regulations in this industry sector.

Build a AUSTRAC 2007 compliance pack

Don't have a compliance policy yet? AuditDSS generates a complete compliance pack for AUSTRAC 2007 — alone or combined with other regulations your business needs. Every clause is mapped to specific obligations.

Policy

High-level commitments and governance framework covering AUSTRAC 2007 requirements.

Procedures

Step-by-step operational procedures to implement each policy commitment.

Forms & checklists

Ready-to-use forms, registers, and checklists for day-to-day compliance operations.

Multi-regulation

Combine AUSTRAC 2007 with other regulations into a single unified compliance pack for your business.

Build AUSTRAC 2007 compliance pack

Already have a policy? Assess it against AUSTRAC 2007

Upload your document

Upload your compliance policy, program manual, or operational document. AuditDSS accepts any text-based document.

AI maps against 3,559 obligations

Your document is scored against every obligation in AUSTRAC 2007. Each claim is mapped to the obligation tree and evaluated for coverage.

Risk-scored gap report

Receive every gap ranked by risk priority with remediation guidance, enforcement evidence, and cascade impact analysis.