Anti-money laundering
Do you have questions about the new anti-money laundering and counter-terrorism financing laws? For more information go to the Information for Customers page.
Anti-Money Laundering and Counter-Terrorism Financing Measures
The anti-money laundering and counter-terrorism financing (AML/CTF) reforms are aimed at addressing the risk of money laundering in Australia and the threat to national security caused by the financing of terrorism.
The reforms seek to implement Australia’s international obligations including a commitment to bring our AML/CTF regime in line with the international standards as set out by the Financial Action Task Force on Money Laundering (FATF).
A new legislative framework has recently been put in place through the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. This first tranche of reforms covers the financial sector including banks, credit unions, building societies and trustees and extends to casinos, TABs wagering service providers and bullion dealers.
The second tranche of reforms will cover real estate agents, dealers in precious metals and dealers in precious stones and a range of non-financial transaction provided by accountants, lawyers and trust and company service providers.
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Anti-Money Laundering and Counter-Terrorism Financing Conference 2009
The AML/CTF Conference 2009 is co-hosted by the Attorney-General's Department, the Australian Transaction Reports and Analysis Centre, the Australian Institute of Criminology and the Australian Bankers’ Association and will be held at the Hilton Sydney on 1-2 April 2009.
The theme for the conference is “Managing Risk: Australian and international perspectives” and will feature distinguished international and domestic speakers from both the private and public sectors.
Further information can be found on the AML/CTF Conference 2009 website.