Business Law Section

Draft Amendments to the AML/CTF Rules resulting from the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (the Draft Rules)

The submission to AUSTRAC in response to the Anti-Money Laundering and Counter-Terrorism Financing Draft Rules (Draft Rules) was prepared by the Financial Services Committee of the Business Law Section of the Law Council of Australia.

The Draft Rules implement a number of amendments resulting from the passage of the Anti- Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (Cth) in December 2017 (the Amending Act).

The Act implements the first phase of reforms arising from the recommendations of the Report on the Statutory Review of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and Associated Rules and Regulations (the Statutory Review), including to regulate digital currency exchanges.

You can read the full submission below.

Share

Related Documents
Tags

Most recent items in Business Law Section


Trending Items in Business Law Section