AUSTRAC outlines planned enhancements to reporting system

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A four-year transformation program will introduce a “modern and intuitive user interface” and high-speed channels for uploading files, among other changes.

AUSTRAC has outlined a number of changes it says it will make to its reporting system over the next four years.

In June, AUSTRAC sought feedback from regulated businesses on how it should improve its reporting systems, known as AUSTRAC Online, saying it was looking to “transform the way regulated businesses interact and report to the regulator”.

Last month, AUSTRAC said it had identified major weaknesses in its current reporting platform through workshops and interviews, including report design and SMR process, user interface and lack of automation capabilities. These areas have been reviewed.

In one note Monday September 27, AUSTRAC said the changes it will introduce as part of its system transformation program will include a “modern and intuitive user interface, ensuring the platform is suitable for different industries and portal access on multiple platforms, including mobile devices”.

The transformation program will see the introduction of high-speed channels for file downloads and a dashboard that will provide feedback on transaction reports and access to past reports that will allow corrections to be made.

AUSTRAC will also review the design and structure of transaction reports to ensure they can be “effectively used across all sectors and scenarios”.

Changes will also be made to customer management functions, including streamlining the sign-up and enrollment processes; introduce a modern contact management capability; and provide access to advice, official notices and the ability to download responses.

AUSTRAC has previously stated that it will improve the user interface and navigation of AUSTRAC Online and increase automation through the introduction of APIs.

A four-year transformation program will introduce a “modern and intuitive user interface” and high-speed channels for uploading files, among other changes.

AUSTRAC has outlined a number of changes it says it will make to its reporting system over the next four years.

In June, AUSTRAC sought feedback from regulated businesses on how it should improve its reporting systems, known as AUSTRAC Online, saying it was looking to “transform the way regulated businesses interact and report to the regulator”.

Last month, AUSTRAC said it had identified major weaknesses in its current reporting platform through workshops and interviews, including report design and SMR process, user interface and lack of automation capabilities. These areas have been reviewed.

In one note Monday September 27, AUSTRAC said the changes it will introduce as part of its system transformation program will include a “modern and intuitive user interface, ensuring the platform is suitable for different industries and portal access on multiple platforms, including mobile devices”.

The transformation program will see the introduction of high-speed channels for file downloads and a dashboard that will provide feedback on transaction reports and access to past reports that will allow corrections to be made.

AUSTRAC will also review the design and structure of transaction reports to ensure they can be “effectively used across all sectors and scenarios”.

Changes will also be made to customer management functions, including streamlining the sign-up and enrollment processes; introduce a modern contact management capability; and provide access to advice, official notices and the ability to download responses.

AUSTRAC has previously stated that it will improve the user interface and navigation of AUSTRAC Online and increase automation through the introduction of APIs.

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