Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 17 JANUARY 2014

Anti-money laundering laws review announced

Allens
Explore more from Allens

The AGD and AUSTRAC will lead a broad review of Australia's anti-money laundering and counter-terrorism financing regime.

AustraliaGovernment, Public Sector

By Rachel Nicolson, Andrew Wilcock and Arlou Arteta

In brief: A review of Australia's anti-money laundering and counter-terrorism financing laws will determine whether Australia can and should strengthen its response to money laundering and terrorism financing. Partner Rachel Nicolson ( view CV) and Lawyers Andrew Wilcock and Arlou Arteta report.

HOW DOES IT AFFECT YOU?

  • The Federal Attorney-General's Department (the AGD) and AUSTRAC are leading a broad review of Australia's anti-money laundering and counter-terrorism financing (AML/CTF) regime, and will produce a report of the review to be tabled in Parliament, most likely in 2015.
  • The review will address issues relevant to entities currently regulated under the AML/CTF regime, including the regulatory burden created by the AML/CTF, enforcement and reporting.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Automated Decision-Making: New OAIC Guidance Highlights Expectations For Government Agencies

Australian government agencies face a December 2026 deadline to update their privacy policies with detailed explanations of automated decision-making systems. The Office of the Australian Information Commissioner's new guidance clarifies when computer-assisted decisions trigger disclosure obligations, how human oversight affects those requirements, and what specific information agencies must reveal about the personal data and decision types involved in their automated processes.
AustraliaGovernment, Public Sector
Holding Redlich
Holding Redlich
Article

Yindjibarndi And WA Government To Appeal $150 Million Federal Court Native Title Compensation Decision

The State of Western Australia and the Yindjibarndi Ngurra Aboriginal Corporation have both filed appeals against a landmark Federal Court decision awarding $150 million in compensation for cultural loss caused by mining operations in the Pilbara region. This unprecedented case marks the first judicial determination of native title compensation for future acts and the largest cultural loss award in Australian history, establishing critical precedents for how compensation is assessed when native title rights
AustraliaGovernment, Public Sector
Holding Redlich
Holding Redlich
Podcast

Modern Slavery In Transition: A Podcast Series With Mallesons

Modern slavery frameworks are undergoing rapid transformation globally, with organisations facing mounting pressure to demonstrate meaningful action beyond mere reporting. This three-part podcast series examines the legal, regulatory and practical developments reshaping modern slavery compliance across Australia, the UK and beyond, from enforcement reforms and mandatory due diligence to trade restrictions and emerging litigation risks.
AustraliaGovernment, Public Sector
Slaughter and May
Slaughter and May