AUSTRAC Reporting Entity · AUSTRAC AAN 209508272
Version 1.0 · Effective 1 July 2026
Legislation: AML/CTF Act 2006 (Cth) and AML/CTF Rules 2025
Waycorp Services Pty Ltd, trading as Waycorp Advisors, is a related company to SydneyTaxAccountant.com Pty Ltd. Waycorp Services Pty Ltd is enrolled with AUSTRAC as a Reporting Entity (AUSTRAC AAN 209508272) under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and the AML/CTF Rules 2025.
Designated services performed by SydneyTaxAccountant.com Pty Ltd may be reportable to AUSTRAC by Waycorp.
As an accounting firm, our AML/CTF obligations apply only to a limited set of designated services — specifically where we assist a client in connection with certain transactions or structures. The vast majority of our day-to-day accounting and bookkeeping services do not trigger these obligations.
This policy explains what those obligations are, how we manage them, and what this means for our clients.
Our AML/CTF obligations apply only when we actively assist or act on a client’s behalf in relation to the following:
Important: Routine accounting, tax preparation, bookkeeping, BAS lodgements, payroll processing, and business advisory services are not designated services and are not subject to these AML/CTF obligations.
Where we provide a designated service, we are required to:
Before providing a designated service, we will ask you to provide identification. What we need depends on your client type:
Full name, date of birth, address and photo ID (e.g. passport or driver’s licence).
Legal name, ACN/ABN, ASIC extract, director details and beneficial owners (25%+).
Trust deed, trustee details, beneficiary information and beneficial ownership.
Additional information may be requested, including source of funds and senior management approval.
We apply a risk-based approach — lower-risk clients face lighter requirements; higher-risk situations (such as politically exposed persons or overseas entities) require additional due diligence.
We are required by law to report certain matters to AUSTRAC:
Suspicious Matter Reports (SMRs) — If we form a suspicion that a transaction or client may be linked to money laundering, terrorism financing, tax evasion, or other serious crime, we are legally required to report this to AUSTRAC. We cannot notify you that a report has been or will be made.
Threshold Transaction Reports (TTRs) — Physical cash transactions of AUD $10,000 or more connected to a designated service must be reported.
Annual Compliance Report — We submit an annual report to AUSTRAC confirming how we have met our obligations.
Tipping-off prohibition: Under the Act, we are prohibited from informing a client or any third party that a suspicious matter report has been, or may be, submitted to AUSTRAC. This is a legal obligation, not a choice.
We retain all client identification, verification, and transaction records relating to designated services for a minimum of 7 years from the date of the transaction or the end of the client relationship. All records are held securely and made available to AUSTRAC on request.
We have appointed a designated AML/CTF Compliance Officer who is responsible for overseeing our compliance with this policy, managing reporting obligations, and ensuring all staff are trained and informed.
All staff who deliver designated services receive mandatory AML/CTF training covering client identification, red flags, and reporting obligations.
If you have questions about this policy or our AML/CTF obligations, please contact us:
Waycorp Services Pty Ltd (trading as Waycorp Advisors)
AUSTRAC Reporting Entity — AAN 209508272
Level 45, 680 George Street, Sydney NSW 2000
Email: team@sydneytaxaccountant.com
Phone: 1300 661 380
For information about AUSTRAC and Australia’s AML/CTF framework, visit austrac.gov.au.
Disclaimer: This policy is a summary document intended for public disclosure. It does not constitute legal advice. Waycorp Services Pty Ltd’s full AML/CTF Program is maintained internally and available to AUSTRAC on request.
