Tranche 2 Obligation #4 — SMR, TTR & IFTI Reporting

AUSTRAC Reporting
Suite

Automated detection, guided construction and direct submission of all mandatory AUSTRAC reports — SMRs, TTRs and IFTIs — with deadline tracking, privilege controls and 7-year archiving built in.

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analytics
500,000+
AUSTRAC receives annually — financial intelligence reports
warning
AUD 22.2M
Failure to report SMR — max civil penalty per contravention
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10 days
TTR submission window — after transaction date
business
~80,000
New Tranche 2 reporters — entities now required to report

Three mandatory reports.
All covered.

report
SMR
Suspicious Matter Report

The most critical AUSTRAC report. Mandatory once reasonable grounds are formed — regardless of whether the transaction proceeded.

schedule
Deadline
3 business days (attempted transaction: 24 hrs)
trigger
Trigger
Reasonable grounds to suspect ML/TF, evasion, tax offence or serious crime
payments
TTR
Threshold Transaction Report

Mandatory for all physical cash transactions at or above the threshold. Structuring to avoid TTR is itself an offence.

schedule
Deadline
10 business days after the transaction
trigger
Trigger
Cash transactions ≥ AUD 10,000 (single or structured)
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IFTI
International Funds Transfer Instruction

Covers all international wire transfers regardless of value. Required for both inbound and outbound instructions.

schedule
Deadline
10 business days after the transfer
trigger
Trigger
Instructions to transfer funds into or out of Australia of any amount
SMR Quality Standard

Reports that meet
AUSTRAC's standard.

AUSTRAC has published clear quality standards for SMR narratives. Poorly constructed SMRs reduce intelligence value and may be returned. Our guided narrative builder ensures every report covers the six elements AUSTRAC expects.

Six–element narrative checklist

A
Who: Customer name, DOB, ID numbers and account/reference details
B
What: Nature of the transaction or proposed transaction — amounts, accounts, instruments
C
When: Date(s) of the transaction or attempted transaction
D
Where: Branch, office or platform through which the transaction occurred
E
Why: Specific factors giving rise to the suspicion — linked to ML/TF indicators
F
How: Method of transaction (cash, EFT, crypto, etc.) and any structuring patterns observed

Detect. Build. Submit.
End-to-end.

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Automated Detection

Transaction monitoring rules flag potential SMR triggers, TTR thresholds and IFTI instructions automatically — so nothing slips through the cracks.

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Guided Report Builder

Step-by-step AUSTRAC report construction with required fields, validation and narrative guidance — reports that meet AUSTRAC's quality standards.

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Direct AUSTRAC Submission

Submit SMRs, TTRs and IFTIs directly to AUSTRAC via the AUSTRAC Online portal integration — with submission confirmation and reference tracking.

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7-Year Report Archive

All submitted reports retained for 7 years with access controls, audit trail and instant retrieval on AUSTRAC request or internal audit.

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Deadline Tracking

Automated deadline alerts for TTR and IFTI 10-business-day windows, and SMR urgent 24-hour and 3-day timers — with escalation notifications.

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Privilege Protection

Tipping-off controls prevent inadvertent disclosure of SMR lodgement. Built-in workflow separation between compliance and operational staff.

Report on time.
Every time.

SMR, TTR and IFTI reporting with automated detection, guided construction, deadline tracking and direct AUSTRAC submission.

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