This topic provides a high level overview of AUSTRAC’s assessment of the money laundering and terrorism financing risks in the finance sector. 

The topic provides an understanding of AUSTRAC’s assessments of the key risks the finance sector faces which should be consistent with financiers’ own risk assessments and associated policies and procedures.

 The topic covers:
* AUSTRAC’s purpose
* Overall Risk Ratings
* Money Laundering Risks
* Crimes & SMRs
* Vulnerabilities
* Customer Types
* Products and Securities
* Intermediaries
* Delivery channels
* Online Services
* Risk Mitigation Strategies

The information is taken from AUSTRAC’s Report: AUSTRAC Risk Assessment 2021:Non Bank Financiers.

This topic is not an explanation of the law.  It is simply a summary of AUSTRAC’s own assessments of the main compliance risks financiers face in managing their AML/CTF Act obligations.