News

News

Anti-Money Laundering & CTF – Open for Public Consultation

Share Post:

AUSTRAC has made amendments to Chapter 4 of the AML/CTF Rules and is currently open for public consultation form 10 June to 8 July 2015.

This includes the provision of a further version of the electronic safe harbour procedure for customers, broadens the collection of identification information from sources other than the customer and extends current customer identification exemptions to include beneficial owners and politically exposed persons.

Click here for further information: https://www.austrac.gov.au/draft-aml-ctf-rules

Related Articles

Can you afford to risk it?

The compliance obligations for a licensed venue are many and complex, with ever increasing penalties for breaches. The new industrial manslaughter legislation is active and

Are you AML/CTF Audit Ready?

AUSTRAC have been in the news over the last 18 months for the successful prosecution of Tabcorp and Commonwealth Bank of Australia’s anti-money laundering and

Chef Crisis

The Chef’s Crisis Gets Worse

Hardly a day goes by at the moment when I don’t get a call from a desperate club or hospitality manager looking for chefs of

Scroll to Top