AUSTRAC Audit Report

The Australian National Audit Office (ANAO) has released a report on AUSTRAC's Administration of its Financial Intelligence Function (18 June 2013), which "assess[es] the effectiveness of the Australian Transaction Reports and Analysis Centre's (AUSTRAC) arrangements for processing financial intelligence, to assist domestic partner agencies and international counterparts in their operations and investigations". The ANAO has made three recommendations for improvement, including strengthening administrative arrangements and providing greater transparency. The report is available here.