In meeting Office of Best Practice Regulation requirements, AUSTRAC has published its AUSTRAC Annual Regulatory Plan 2013-14.
This plan outlines proposed changes to the Anti-Money Laundering and Counter-Terrorism Financing Rules (AML/CTF Rules) including those previously published for comment but not yet registered. It also outlines consultation opportunities in relation to AUSTRAC supervisory cost recovery levy arrangements and a review of Australia's compliance with Recommendation 10 of the Financial Action Task Force (customer due diligence).
Regulation Impact Statement - Cancellation and suspension of a remittance dealer's registration
The Regulation Impact Statement and summary relate to Chapters 58 and 59 (as consolidated) of the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1), concerning the cancellation and suspension of the registration of remittance dealers.