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On 11 September 2024, the Attorney-General introduced the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 (Cth)...

The Privacy Commissioner has released a second round of comments in relation to the second exposure draft of the proposed anti-money laundering and counter-terrorism regime.

This global survey will explore how financial institutions across the globe are managing their compliance programs.

Significant changes to Australia's anti-money laundering and counter-terrorism financing framework.

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Australia's anti-money laundering and counter-terrorism financing regime is expanding to include lawyers, accountants and other professional service providers from July 2026. Piper Alderman is implementing comprehensive compliance systems to meet these new obligations, which will affect client onboarding, transaction monitoring and matter management processes across the firm.

It makes commercial sense for businesses to have an AML/CTF (anti money laundering & counter terrorism funding) program.

Changes also relate to remitter registration requirements for reporting entities that provide other designated services.

Reporting entities are bound to comply with the AML/CTF laws, which include having a risk-based system and controls.

Professional service providers will be subject to new requirements when carrying out high-risk services.

Niall Hearty of financial crime specialists Rahman Ravelli considers the companies' situation.

From 12 December 2008, reporting entities regulated by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) must report significant cash transactions, suspicious matters and international funds transfers to AUSTRAC

With new AML/CFT regulations effective 1 June 2025, New Zealand reporting entities must implement a customer risk rating system for their new customers. Key areas for businesses to consider include the impacts, compliance strategies and the role of technology in meeting these evolving requirements.

On 28 November 2006, the Senate’s Standing Committee on Legal and Constitutional Affairs released its report on the Anti-Money Laundering and Counter-Terrorism Financing Bill (Bill).

The AML/CTF Act has been amended to clarify how penalty units accrue for those businesses not enrolled with AUSTRAC.

The "ongoing customer due diligence" component of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime commences on 12 December 2008.

Anti-Money Laundering Bill commences After more than two years of waiting, the new Anti-Money Laundering/ Counter Terrorist Financing Act has finally commenced and will become operative over the next two years.