Overview of customer due diligence

Professional reference

Source character: Guidance

Australia; reporting entities providing designated services. Official explanatory guidance on initial, ongoing and enhanced CDD under the reformed framework; refers to AML/CTF Act section 26F and Part 2. Explains customer identification, beneficial ownership, monitoring and risk-based review. Guidance describes AUSTRAC’s interpretation and is distinct from the Act and Rules. Read with the transitional rules for eligible initial CDD procedures. Checked 6 November 2026.

Authors: Australian Transaction Reports and Analysis Centre (AUSTRAC)

Publication: AUSTRAC; obligations and guidance, customer due diligence

DOI/URL: https://www.austrac.gov.au/industry-and-business/obligations-and-guidance/your-amlctf-program/customer-due-diligence/overview-customer-due-diligence

Citation:

Australian Transaction Reports and Analysis Centre. (n.d.). Overview of customer due diligence. AUSTRAC. Accessed 6 November 2026.