Workspaces / Demonstration library / A07
AUSTRAC, ECDD and Suspicious Matter Reporting Relationship
File corpus.json
Type external reference
Classification internal
Department compliance
Permitted roles analyst, manager, executive, admin
Version 1.0 (effective 2026-01-01)
Owner Regulator publication (paraphrased reference)
Status active
SHA-256 27303cf966f793df6458c18f2e5979b64aa989babde54510feb7f047f835ed55
Uploaded 2026-10-31T06:37:16+00:00
Chunks (1)
Each chunk is a citable unit. Answers cite the chunk id.
[A07]
The supplied AUSTRAC material states that enhanced CDD must be conducted where an entity is required to submit an SMR in relation to a customer and intends to continue providing a designated service. Enhanced CDD is not required to be completed before the SMR is submitted. The SMR must be submitted within the required timeframe even if enhanced CDD is still being conducted. An SMR may mention a customer who is a victim of suspected fraud rather than the subject of suspicion; the supplied material says ECDD is not expected for that customer unless necessary to manage and mitigate that customer’s ML/TF risk.
Answers come only from the governed library and are decision support, not legal advice. Verify regulatory content against the regulator's current publication.