Australian AML/CTF · Explainer

Risk factors and mandatory CDD triggers

A risk factor informs judgement. A legal trigger can require a specific response.

General information only, not legal, compliance, or other professional advice. Does not confirm compliance.

Start with: When does an AML program become a working process?

Use each type of information correctly

A risk factor is information that helps you assess the risks of a customer and service. A mandatory trigger is a condition in the law that requires a response when it applies. The same fact can contribute to an assessment and activate a legal duty, but those functions should remain visible.

Section 28 requires a customer risk assessment. Section 32 then specifies circumstances requiring enhanced CDD. A business should not treat the second step as optional simply because most answers in a questionnaire appear ordinary. The legal condition must be assessed on its own terms.

A risk rating and a legal trigger do different jobsConnected concepts. Lines do not show ownership or a reporting hierarchy. Risk factors: Information contributes to the customer risk assessment. Legal conditions: An applicable statutory or Rules trigger requires its specified response. Required measures: Select measures that address both the risk assessment and applicable duties.Risk factors Legal conditions Required measures
  • Risk factors

    Information contributes to the customer risk assessment.

  • Legal conditions

    An applicable statutory or Rules trigger requires its specified response.

  • Required measures

    Select measures that address both the risk assessment and applicable duties.

A risk rating and a legal trigger do different jobs

A low rating does not override an enhanced CDD trigger. These are connected questions, not weights to average together.

Connected concepts. Lines do not show ownership or a reporting hierarchy.

Know what a low rating cannot do

Simplified CDD under section 31 requires low customer risk, no applicable section 32 trigger and compliance with the Rules. These conditions operate together. A low score alone is not permission to reduce checks.

Rules 6-20 also requires enhanced CDD for requests involving no apparent economic or legal purpose, unusually complex or large transactions, or an unusual transaction pattern. Assess the request in context. This is different from deciding that every large amount or every company structure meets the condition. The reason it is unusual matters, as does the exact service requested.

Worked example: a score and a rule

A fictional scoring tool gives points for several characteristics. Most are ordinary, so the total is low. The file also establishes a foreign PEP connection covered by section 32. If the tool simply averages all the answers, it can hide a mandatory enhanced CDD response.

A clearer design records the overall risk reasoning and the specific trigger separately. The reviewer sees both and selects the required measures. This example is about decision design. It does not prescribe numerical weights, establish that a particular person is a PEP or prove that the customer has committed an offence.

Ask what caused the response

A useful case note answers three questions: what fact was established, which duty or policy applied, and what action followed. If the answer says only high risk, the connection may be unclear. Add enough detail to distinguish a legal trigger from a judgement made under the business's policies.

Likewise, record why an apparent trigger did not apply after review. A name match may prove to concern a different person. That is a different result from ignoring a true match because other factors were low. Clear reasons support later review and make control failures easier to identify.

Sources and scope

Sources checked on 2026-09-06. This page is not continuously updated. Check the linked legislation and AUSTRAC guidance for current requirements.

This page does not cover: Suspicious matter reporting deadlines; Ongoing CDD workflow.

Common AML/CTF terms