Under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), the Chief Executive Officer (CEO) of AUSTRAC may, in writing, make Anti-Money Laundering and Counter-Terrorism Financing Rules (AML/CTF Rules). The AML/CTF Rules are legislative instruments and are therefore binding.
Registered AML/CTF Rules
The following AML/CTF Rules have been made and registered:
Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1)
The current compilation comprises:
- ‘designated business group’ definition (view the explanatory statement)
- correspondent banking (view the explanatory statement)
- customer identification (view the explanatory statement)
- AML/CTF programs (view the explanatory statement)
- ….
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