Australian companies are under-investing in systems to deal with their anti-money laundering and counter-terrorism financing obligations, the AML/CTF regulator says.Austrac acting chief executive Gavin McCairns said Australia was ahead of the international average for reported incidents of economic crime and cyber crime.Referring to data in a recent PwC Global Economic Crime Survey, McCairns said reports of money laundering were also higher in Australia than the international average."Yet at the same time the PwC survey warns that Australian respondents have under-invested in their AML/CTF technology relative to global peers, despite all the evidence pointing to the need for greater investment," he said.Speaking at the Thomson Reuters Australian Regulatory Summit in Sydney this week, McCairns said getting industry to invest was one of Austrac's key challenges.He said Austrac was keen to achieve this in a collaborative way, partnering with business in areas of mutual interest, such as identity verification, data capture and analytics, privacy and secure protocols."Austrac is actively forging relationships with the fintech sector so we can work constructively with technology innovations in the financial sector and business more broadly for our mutual benefit," he said."Collaboration between Austrac and industry is crucial in order to maximise our collective knowledge and leverage off our combined resources."