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AUSTRAC proposes money remitter changes to AML/.CTF Rules

Draft amendments to the AML/CTF Rules available for consultation

12 January 2017

These draft amendments to Chapter 59 implement a recommendation of the Post-Implementation Review of Chapters 58 and 59, allow the AUSTRAC CEO to suspend a remitter’s registration without prior notice, delegate the AUSTRAC CEO’s responsibility for considering matters relevant to making a suspension of registration decision, and align the grounds for suspending remitter registration with the grounds for cancelling remitter registrations.



Draft Amendments – PDFWord

Categories: Anti-Money Laundering AUSTRAC Updates Money Services Businesses


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