AUSTRAC Reporting Software — SMR, TTR & IFTI

Guided drafting, pre-lodgement validation, and immutable timestamping for every report. Lodge via AUSTRAC Online with confidence — every step audit-logged.

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Key Takeaways

How does ClearAML support AUSTRAC reporting?

ClearAML formats, validates, and time-stamps your SMR and TTR drafts within the platform — every report is audit-logged the moment it's created, so you can demonstrate AUSTRAC compliance regardless of when you lodge.

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The three report types ClearAML supports

SMR

Suspicious Matter Report

Required when you form a suspicion that a transaction or matter relates to money laundering, tax evasion, or another serious offence. Deadline: as soon as practicable (24 hours for terrorism financing).

TTR

Threshold Transaction Report

Required for cash transactions of AUD 10,000 or more. Deadline: within 10 business days of the transaction. ClearAML auto-flags transactions at or above this threshold.

IFTI

International Funds Transfer Instruction

Required for international wire transfers sent or received on behalf of clients. Deadline: within 10 business days of the transfer instruction.

Why timestamping matters more than submission

The SMR compliance deadline runs from the moment you form a suspicion — not from when you lodge the report. If AUSTRAC ever questions your timing, what matters is being able to demonstrate that you identified the suspicion promptly.

ClearAML timestamps the exact moment a suspicion is flagged in the platform. This creates an immutable record that proves when the clock started — regardless of when the finished report is lodged via AUSTRAC Online. For the 24-hour terrorism financing deadline, this timestamp can be the difference between demonstrating compliance and facing a penalty.

Structured drafting vs Word documents

Word document approach

  • • No timestamp on when suspicion was identified
  • • No field validation — easy to miss required information
  • • No audit log — can be edited after the fact
  • • Inconsistent formatting — risk of AUSTRAC querying the report
  • • Stored locally — risk of loss or version confusion

ClearAML drafting

  • • Suspicion date locked in at the moment of flagging
  • • Pre-lodgement field validation before export
  • • Immutable audit log of every draft version
  • • Consistent AUSTRAC-aligned format every time
  • • Stored securely — retrievable for 7 years

Everything you need to be compliant

Replace your fragmented spreadsheets with a purpose-built platform designed for Australian accounting firms.

Guided SMR Drafting

Structured prompts walk you through every required field in the SMR — based on AUSTRAC's published guidance — so nothing is missed before lodgement.

Suspicion Date Timestamping

The moment you flag a suspicion in ClearAML, the date and time is locked into your audit log — providing critical evidence for the 24-hour terrorism financing deadline.

TTR Automatic Flagging

Cash transactions at or above AUD 10,000 are automatically flagged for TTR reporting — eliminating the risk of missing an obligation because a transaction went unnoticed.

Pre-Lodgement Validation

ClearAML checks every report for missing or incomplete fields before you export — reducing the risk of AUSTRAC rejecting a report due to formatting errors.

IFTI Support

International Funds Transfer Instruction reports are supported with the same guided drafting and audit-logging workflow as SMRs and TTRs.

Audit-Logged Drafts

Every report draft is time-stamped and stored in your immutable audit log — giving you evidence of compliance even before the report is lodged via AUSTRAC Online.

Simple, Transparent Pricing

Choose the plan that fits your firm size. Get started today and receive a $15 signup credit in your wallet.

Starter

Cost effective, complete compliance for small businesses.

$149/month +GST
  • Supported Users5
  • Client Risk AssessmentsUnlimited
  • PEPs & Sanctions Monitor
  • KYC Checks (ID + Screening)$8.00 per check
  • KYB Checks (Entity)$0.00 (Limited Time)
  • Standalone Screening$5.00 per check
  • Monthly Credits$0
  • Support LevelStandard Email
  • Staff TrainingAML/CTF Quiz & PDD Sign-off
Most Popular

Professional

Complete compliance to suit most small and medium businesses.

$299/month +GST
  • Supported Users25
  • Client Risk AssessmentsUnlimited
  • PEPs & Sanctions Monitor
  • KYC Checks (ID + Screening)$8.00 per check
  • KYB Checks (Entity)$0.00 (Limited Time)
  • Standalone Screening$5.00 per check
  • Monthly Credits$135
  • Support LevelPriority Support
  • Staff TrainingAML/CTF Quiz & PDD Sign-off

Enterprise

White label solution with a big team and many more clients.

Contact Sales
  • Supported UsersUnlimited
  • Client Risk AssessmentsUnlimited
  • PEPs & Sanctions Monitor
  • KYC Checks (ID + Screening)Custom Volume
  • KYB Checks (Entity)Custom Volume
  • Standalone ScreeningCustom Volume
  • Monthly CreditsCustom Volume
  • Support LevelDedicated Manager
  • Staff TrainingCustom Modules & Branding
  • White Labelling

Includes continuous PEP/sanctions monitoring and one-click audit reporting. No setup fees. 14-day free trial + $15 signup credit on all plans.

Frequently Asked Questions

Have a question? Reach out to our Melbourne-based support team.