AUSTRAC publishes guidance on its new compulsory examination powers, detailing how it can require individuals or businesses to attend, answer questions, and provide documents for AML/CTF compliance

The guidance clarifies when and how these powers will be used, emphasising that examinations are fact-finding tools rather than punitive measures and do not imply wrongdoing. It outlines protections such as legal representation and consultation with health professionals, and explains how information provided will be handled. These reforms strengthen AUSTRAC’s ability to detect and disrupt money‑laundering and serious organised crime while providing businesses with clarity on their obligations…