Tag:AML/CTF

1
Extension of Australia’s AML/CTF Regime to “Tranche-Two” Entities
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AML Reforms Part 2: Digital Currency Service Providers
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Australia: Proposed Reforms to the Anti-Money Laundering and Counter-Terrorism Financing Regime

Extension of Australia’s AML/CTF Regime to “Tranche-Two” Entities

By: Jim Bulling and Anthony Shorten

On 11 September 2024, the Attorney-General introduced the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 (Cth) to the Federal Parliament, following two periods of consultation undertaken by the Department of the Attorney-General, and AUSTRAC over 2023 and 2024. 

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AML Reforms Part 2: Digital Currency Service Providers

By: Daniel Knight and Kithmin Ranamukhaarachchi

The Australian Attorney-General’s Department (Department) has released five consultation papers outlining proposals for extensive reforms to Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime.

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Australia: Proposed Reforms to the Anti-Money Laundering and Counter-Terrorism Financing Regime

By Daniel Knight and Grace Hall

The Australian Government has committed to reforming Australia’s AML/CTF regime, with proposed reforms aimed to strengthen and modernise the framework.

In April 2023, the Attorney-General released the first of two consultation papers outlining the proposed reforms to the regime. Subsequently, as part of the 2023-24 Federal Budget, the Government announced that it will provide $14.3 million in funding over the next four years to support policy and legislative reforms to the AML/CTF regime.

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