Updated guidance to assist customers who don’t have standard forms of identification

On 17/07/2025, the Australian Transaction Reports and Analysis Centre (AUSTRAC) issued an update regarding "Updated guidance to assist customers who don’t have standard forms of identification". The updated guidance aims to help financial institutions support customers who cannot provide standard identification documents, while managing money laundering and terrorism financing risks. It provides examples of alternative identification options and steps for mitigating additional risk associated with accepting non-standard identification.