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ARTICLE · 31 MARCH 2025

AUSTRAC Guidance – Tipping Off

Sophie Grace Pty Ltd
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AUSTRAC released new guidance in relation to the tipping off offence, in light of the changes made to the AML/CTF Act.

AustraliaFinance and Banking
Alicia Pevely
Alicia Pevely
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AUSTRAC has released new guidance in relation to the tipping off offence, in light of the changes made to the AML/CTF Act.

From 31 March 2025, tipping off will be a criminal offence, with a maximum penalty of 2 years imprisonment, or 120 penalty units (or both). Tipping off involves disclosing certain types of information to another person, where it could reasonably be expected to prejudice an investigation of an offence against Commonwealth, state or territory law or proceeds of crime law. The types of information that reporting entities must not disclose includes:

  • Information about suspicious matter reports (SMRs); and
  • Information about notices compelling the reporting entity to produce documents to AUSTRAC.

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