AML/CTF Resource CentreThe Australian Money Laundering/Counter Terrorism Financing (AML/CTF) Resource Centre provides an overview of key information relating to AML/CTF and its application to businesses in Australia.
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Select from the following:
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 Legislation & Regulations
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 Registered Rules
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Under section 229 of the Act, the Chief Executive Officer (CEO) of AUSTRAC may, in writing, make AML/CTF Rules. These Rules are legislative instruments and are therefore binding.
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| Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1)
| Instrument No.1 contains the majority of AML/CTF rules. The indexed rules as at 7 January 2009 are as follows:
| | | | Definition of Designated Business Group
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| | Correspondent Banking Due Diligence
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| | Customer Identification and Verification
Standard and Joint AML/CTF Programs
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| | Customer Identification and Verification
Special AML/CTF Programs
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| | Verification of Identity of Customers
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| | Deemed Customer Identification (Licenced Financial Advisors and Designated Business Groups)
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| | Part A of a Standard AML/CTF Program
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| | Part A of a Joint AML/CTF Program
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| | | | Initial Reporting Period 13 December 2006 – 31 December 2007
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| | Electronic Funds Transfer Instructions
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| | Approved Third Party Bill Payment System
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| | Thresholds for Certain Designated Services
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| | Ongoing Customer Due Diligence
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| | Reportable Details For International Funds Transfer Instructions
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| | Reportable Details For International Funds Transfer Instructions under a designated remittance arrangement
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| | Reportable Details for Suspicious Matters
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| | Reportable Details for Threshold Transactions
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| | Record Keeping Obligations Under S 114
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| | Issuing or Selling of a Security or Derivative
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| | Exemption of Certain Types of Transactions Relating to the Over-The-Counter Derivatives Market
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| | AML/CTF Rules for Designated Remittance Arrangements
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| | AML/CTF Rules for movements of physical currency into or out of Australia
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| | AML/CTF Rules for receipts of physical currency from outside Australia
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| | AML/CTF Rules for movements of bearer negotiable instruments into or out of Australia
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| | AML/CTF Rules for registrable details - Register of providers of designated remittance services
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|  | The following AML/CTF Rules instruments are not consolidated into Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1):
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| | | AML/CTF Rules for registrable details - Register of providers of designated remittance services
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| | | - record-keeping obligations under section 107;
- contents of disclosure certificates;
- exemption of certain types of foreign currency;
- exemption of certian types of transactions for safe deposit boxes or similar facilities;
- customer identification procedures for sales of bullion less than $5,000; and
- notices about cross-border movement reporting obligations.
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| | AML CTF Rules
| This Instrument contains AML/CTF Rules relating to:
| - movements of bearer negotiable instruments
- movements of physical currency into or out of Australia
- receipts of physical currency from outside Australia
- Register of Providers of Designated Remittance Services.
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 Draft Rules
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| | | Defines the term 'exempt legal practitioner service' under section 5 of the AML/CTF Act
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| | Exemptions from the customer identification provisions of the AML/CTF Act, those persons who provide an item 33 designated service involving the disposal of low-value parcels of shares, for the purpose of passing the proceeds to charitable organisations who are deductable gift recipients under the Income Tax Assessment Act 1997
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| | Certain reporting entities are exempt from providing threshold transaction reports, if those threshold transactions take place wholly between certain entities
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| | Amends the definitions of 'certified copy' and 'certified extract' contained in Chapter 1 of the AML/CTF Rules
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| | In specified circumstances a reporting entitiy may carry out the applicable customer identification procedure after commencing to provide certain designated services to a customer
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| | Inserts a definition of 'accredited translator' into Chapter 1 (Key terms and concepts) of the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1). Also makes a minor technical amendment to Chapter 1 to apply the key terms and concepts to the Rules in their entirety
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| | Relates to insurance premium funding for general insurance, which involves a loan to a customer to buy insurance from an insurer, where the lender and the insurer are not the same entitiy
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| | These draft AML/CTF Rules relate to vostro accounts. Potentially a large number of individuals may give instructions for the operation of such accounts
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| | These draft AML/CTF Rules broaden the Chapter 2 definition of 'designated business group' to allow law and accounting practices, subject to certain conditions, to form designated business groups
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| | Intended to cover 'corporate treasury' functions provided within corporate groups and to remove unnecessary financial and administrative burden in cases where a corporate treasury can in practical terms be said to lending to 'itself'
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 AUSTRAC Regulatory Guide
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| Regulatory Guide
| The AUSTRAC Regulatory Guide is designed to be a practical document to assist industry to understand and meet its obligations under the AML/CTF Act and AML/CTF Rules as well as the Financial Transaction Reports Act. It provides an insight into AUSTRAC's approach to compliance with the AML/CTF legislation and refers to additional AML/CTF resources which may be of assistance to regulated entities. Chapter 8 of the Guide which relates to Ongoing Customer Due Diligence was added in July 2008.
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 AUSTRAC Guidance Notes
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AUSTRAC have issued a series of guidance notes to assist reporting entities in meeting their obligations. For more information, please follow this link:
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www.austrac.gov.au/guidance_notes.html
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 AUSTRAC Information Brochures
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AUSTRAC produces information brochures to assist reporting entities with their Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) obligations. These brochures provide an introduction to key AML/CTF obligations and AUSTRAC resources.
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| A list of resources which may be of assistance in addressing AML/CTF obligations.
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| An introduction to AML/CTF programs.
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| How to meet your 2007 compliance reporting obligations under the AML/CTF Act.
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| An introduction to Part B of an AML/CTF program.
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| An introduction to AUSTRAC's internet-based system, AUSTRAC Online.
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| An introduction to the ongoing customer due diligence and transaction monitoring obligations under the AML/CTF Act.
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| A summary of the identification and verification requirements for low-risk customer relationships, under Part B of an AML/CTF program.
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| An introduction to the AML/CTF Act reporting requirements.
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| Sample AML/CTF compliance report covering the period 1 January 2008 to 31 December 2008
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 AUSTRAC Resources
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| Public Legal Interpretations
| The Public Legal Interpretations (PLIs) convey AUSTRAC's view on the legal meaning and effect of various provisions of the legislation administered by AUSTRAC.
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 AUSTRAC Learning Guides
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 Useful Links
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