Placement
Dirty money enters the financial system.
AML Basics
What is Anti Money Laundering? Understand the Basics
Learn what anti money laundering means, how it works, and why AML compliance matters for Australian businesses.
Anti money laundering explained
Anti Money Laundering (AML) refers to laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income. In Australia, AML is regulated by AUSTRAC under the AML/CTF Act.
The 3 stages of money laundering
Layering
Complex transactions disguise the source.
Integration
Clean money re-enters the economy.
Frequently asked questions
What is anti money laundering?
AML refers to laws and procedures to prevent criminals from disguising illegal funds as legitimate income.
Why does AML matter?
Money laundering funds organised crime and terrorism. AML protects businesses and the financial system.