Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

AUSTRAC launches assistance tools as AML/CTF requirements kick in

Staff Reporter 1 minute read

Businesses across the financial services sector are now required to implement anti-money laundering/counter-terrorism financing (AML/CTF) programs after the most significant provision of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) came into effect yesterday.

In conjunction with the new requirements the Minister for Home Affairs Bob Debus announced a suite of tools to assist businesses meet their new obligations.

The tools include AUSTRAC Online, an information portal to help businesses lodge compliance reports as well as an introduction to AML/CTF – the first course in AUSTRAC’s e-learning program.

“These tools are designed to help businesses understand money laundering and terrorism financing impacts. The aim is to work in partnership with industry and implement Australia’s AML/CTF reform strategy together,” Debus said.

 

AUSTRAC launches assistance tools as AML/CTF requirements kick in
default
TheAdviser logo

If you have ever considered how you could better service your SME clients but lack the knowledge or confidence to do this beyond referring them on, this is a must-attend event for you. Don't miss SME Broker Bootcamp, a jam-packed, free-to-attend, practical workshop. Register today and secure your place at this interactive, flexible, must-attend event.

default

 

more from the adviser
finance education

Breaking News

Asset finance accreditation the next ‘battleground’: CAFBA

CAFBA has underscored the importance of education for brokers div...

signature

Breaking News

Brokers drive origination growth for Prospa

The non-bank’s latest quarterly figures mark a year-on-year gro...

warehouse

Breaking News

Victoria extends commercial rent relief 

The Victorian government has extended its Commercial Tenancy Reli...