As part of its ongoing efforts to enhance Australia's financial crime detection and prevention framework, AUSTRAC continues to issue...

[The AML/CTF Amendment Bill has passed in the Parliament on 29/11/2024. Refer chronology, details and a summary of amendments to the Bill towards the end of this article] [The AML/CTF Amendment Bill has received the Royal assent on 10/12/2024, and has thus become an Act (No 110 of 2024)] Background In a significant step, the Attorney General introduced the Anti-Money Laundering and Counter-Terrorism Financing ( AML/CTF ) Amendment Bill 2024 (Amendment Bill /Bill) into Parlia

AUSTRAC recently unveiled the Money Laundering (ML) and Terrorism Financing (TF) National Risk Assessments 2024 (NRA). The NRAs will be a...