AUSTRAC and APRA sign MOU

The Australian Prudential Regulation Authority (APRA) and the Australian Transaction Reports and Analysis Centre (AUSTRAC) have signed a Memorandum of Understanding (MoU) to facilitate cooperation and the exchange of information between the two regulators.

APRA Chairman Dr John Laker said the MoU, which follows the introduction of the AML/CTF Act permitting AUSTRAC to exchange information with the prudential regulator, will enable on-going collaboration between the two agencies.