40Simplified outline

#### 40 Simplified outline The following is a simplified outline of this Part: • A reporting entity must give the AUSTRAC CEO reports about suspicious matters. • If a reporting entity provides a designated service that involves a threshold transaction, the reporting entity must give the AUSTRAC CEO a report about the transaction. • If a person provides an international value transfer service, the person must give the AUSTRAC CEO a report about the provision of the service. • If a person provides a designated service involving a transfer of virtual assets to or from an unverified self hosted virtual asset wallet, the person must give the AUSTRAC CEO a report about the provision of the service. • A reporting entity may be required to give AML/CTF compliance reports to the AUSTRAC CEO.