12 November 2014
On 2 October 2014, the Australian Transaction Reports and Analysis Centre (AUSTRAC) commenced consultation on proposed changes to its annual compliance report.
Certain entities have an obligation to prepare an annual report (the ‘annual compliance report’) relating to their compliance with anti-money laundering and counter terrorism financing rules.
The annual compliance report comprises an online questionnaire with […]
Continue reading Australian Transaction Reports and Analysis Centre – Proposed Changes to the Annual Compliance Report – Regulation Impact Statement
19 June 2014
On 20 May 2014, the CEO of the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced changes to customer due diligence rules, which form part of Australia’s anti-money laundering and counter-terrorism financing regime. The regime is intended to protect Australia’s revenue base through enhanced collection and verification of customer information, as well as preventing organised […]
Continue reading Proposed reform to strengthen Customer Due Diligence – Regulation Impact Statement – AUSTRAC
10 April 2012
On 27 October 2011, the Chief Executive Officer (CEO) of the Australian Transaction Reports and Analysis Centre (AUSTRAC) made Rules under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) to specify the matters the AUSTRAC CEO must take into account to cancel or suspend the registration of a registered alternative remittance dealer.
The AML/CTF […]
Continue reading Non-compliance with best practice regulation requirements – Cancellation and Suspension of a Remittance Dealer’s Registration – AUSTRAC