The Australian Transaction Reports and Analysis Centre has published guidance on how it will use its new compulsory examination powers, setting expectations for businesses and individuals on when a section 172A notice may be issued and what it requires. A notice can compel a person to attend an examination, answer questions and provide documents. AUSTRAC describes the power as an information-gathering tool to clarify facts, understand money laundering risks and assess how businesses are managing those risks, rather than a routine or punitive measure. The section 172A powers were introduced in 2025 under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024, which expanded AUSTRAC's information-gathering powers. The guidance explains what information a notice will include, what happens during an examination, the examiner's role, how legal representatives may assist, and how information provided is handled. It also addresses witness welfare, stating that witnesses are entitled to legal representation and may discuss the notice with a health professional. AUSTRAC notes that receiving a section 172A notice does not necessarily mean it believes a person has broken the law.
Australian Transaction Reports and Analysis Centre (AUSTRAC)2026-03-05
Australian Transaction Reports and Analysis Centre publishes guidance on use of new compulsory examination powers
The Australian Transaction Reports and Analysis Centre has issued guidance on the use of its new section 172A compulsory examination powers, outlining when notices may be issued and what they require from businesses and individuals. AUSTRAC positions the power as an information-gathering tool to clarify facts, understand money laundering risks and assess risk management, rather than a routine or punitive measure, and explains examination procedures, legal representatives’ roles, information handling and witness welfare.