Anti-money laundering regulator Austrac has emphasised a more collaborative approach with its government and industry "partners" in the description of its activities over the past 12 months in its annual report. It has also detailed a more active enforcement role.Both developments come in response to reviews of its activities. In 2015 the Financial Action Task Force, an inter-governmental body whose role is to set standards for combating money laundering and terrorism financing, said Austrac's use of sanctions was having minimal impact.And earlier this year a Department of Justice review of the Anti-Money Laundering and Counter-Terrorism Financing Act said Austrac needed to work more closely with industry to give regulated entities more help understanding their obligations.Austrac said that over the past year it had been working with partners to develop public-private collaborations - working together to identify and respond to money laundering and terrorism financing risks."Our agency has also taken a more active role in enforcing contraventions of the AML/CTF Act," Austrac said.In 2015/16 Austrac received 78,846 suspicious matter reports from reporting entities, including suspected terrorism financing.It received 96.3 international funds transfer instruction reports worth $4.9 trillion, a five per cent increase.Austrac regulates 13,993 reporting entities. As a result of its compliance work it issued 214 findings requiring reporting entities to take remedial action to rectify significant non-compliance. It made 128 recommendations to improve the robustness of AML/CTF programs.Its reviews of the remittance sector led to the cancellation of ten registrations, the refusal of one application for registration and 11 suspensions.Austrac said that in response to FATF's assessment of Australia's AML/CTF regime it had established a new risk assessment team with the task of ensuring risk assessments are tailored to industry needs. And it started developing a new data analysis platform that will enable it to work with government and industry to generate intelligence."The expertise and professional insights of industry are a critical component of the development of our risk assessments," it said.On the international front, Austrac secured observer status in the Middle East and North Africa FATF-style regional body, enhancing its international operations. It has developed a strong relationship with Indonesia's Pusat Pelaporan dan Analisis Transaksi Keuangan, launching an analyst exchange program and collaborating on the use of intelligence.