Registered AML/CTF Rules

24-APR-2013

The Anti-Money Laundering and Counter-Terrorism Financing Rules (AML/CTF Rules)
are contained in the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).

AML/CTF Rules by category

The AML/CTF Rules relate to the following categories:

Draft AML/CTF Rules for public consultation

To view all draft AML/CTF Rules currently open for consultation please visit the Draft AML/CTF Rules page.

Other ways to access AML/CTF Rules and related information

The AML/CTF Rules and related information can also be accessed via the following pages:


 

Definitions

Chapter

Description

Chapter 1 Key terms and concepts (explanatory statement)

'Accredited translator' definition inserted (explanatory statement)

Expanded list of who can certify documents (explanatory statement)
Expanded list of who can certify documents - Australian credit licence holders (explanatory statement)

Minor amendments (explanatory statement)

Inserted definitions of 'Australian Government Entity', 'politically exposed person', 'reasonable measures' and 'senior managing official'. Amended definition of 'beneficial owner' (explanatory statement)

Expanded list of who can certify documents - Notary public in a foreign country (explanatory statement)

Chapter 2 'Designated business group' definition (explanatory statement)
Expanded to include accountancy and law practices (explanatory statement)
Expanded to include money transfer service providers ( explanatory statement)
Chapter 3.2 Definition of 'correspondent banking' (explanatory statement)
Chapter 13 'Approved third-party bill payment system' definition (explanatory statement)
Chapter 40 Definition of 'exempt legal practitioner service' (explanatory statement)

 

Customer identification

Chapter

Description

Chapter 3 Correspondent banking (explanatory statement)
Chapter 4

Customer identification (explanatory statement)

Amendments relating to customer due diligence (explanatory statement)

Chapter 6 Verification of customer identification (explanatory statement)
Chapter 7 Customer identification deemed to have been carried out by a reporting entity (explanatory statement)
Chapter 30

Disclosure certificates (explanatory statement)

Amendments relating to beneficial owners (explanatory statement)

 

Customer due diligence

Chapter

Description

Chapter 15 Ongoing customer due diligence (explanatory statement)
Minor amendment (explanatory statement)

Amendments including requirements for high-risk, prescribed foreign countries and defining ultimate beneficial ownership (explanatory statement)

Amendments relating to politically exposed persons and beneficial owners (explanatory statement)

 

AML/CTF programs

Chapter

Description

Chapter 5

Special AML/CTF programs (explanatory statement)

Amendments relevant to legal powers (explanatory statement)

Chapter 8

Standard AML/CTF programs (explanatory statement)

Amendments relevant to legal powers and program requirements (explanatory statement)

Chapter 9

Joint AML/CTF programs (explanatory statement)

Amendments relevant to legal powers and program requirements (explanatory statement)

26-JUN-2014

 

Reporting obligations

Compliance reports

Chapter Description
Chapter 11 Reporting and lodgment periods (explanatory statement)
Reporting and lodgement periods for 2008 (explanatory statement)
Reporting and lodgement periods for 2009 (explanatory statement)
Reporting and lodgement periods for 2010 and ongoing (explanatory statement)
Exemptions for reporting entities providing specified remittance services (2011) (explanatory statement)

Exemptions for reporting entities providing specified remittance services (2012) (explanatory statement)

Exemptions for reporting entities providing specified remittance services (2013) (explanatory statement)


International funds transfer reports (IFTIs)

Chapter Description
Chapter 16 Reportable details for electronic funds transfer instructions (explanatory statement)
Minor amendment (explanatory statement)
Requirements for 'batched' instructions' (explanatory statement)
Chapter 17 Reportable details for designated remittance arrangements (explanatory statement)
Minor amendment (explanatory statement)
IFTI-DRA requirements (explanatory statement)
Amendments relating to 'non-financiers', account details and identifiers (explanatory statement)
Chapter 51 Reporting obligations for KEB, Travelex GBP, PayPal Pte Ltd and PayPal Inc (explanatory statement)
Clarifies company details (explanatory statement)
PayPal related amendments (explanatory statement)
Clarifies company details (explanatory statement)


Threshold transaction reports (TTRs)

Chapter Description
Chapter 19 Reportable details (explanatory statement)
Minor amendments (explanatory statement)
Amends threshold transaction requirements (explanatory statement)
Minor amendments (explanatory statement)
Amends threshold transaction requirements including the specification of 'agent' details (explanatory statement)
Amends threshold transaction requirements relating to item 51 and 53 designated services (explanatory statement)
Minor amendments (explanatory statement)
Chapter 37 Reportable details for authorised deposit-taking institutions (explanatory statement)


Suspicious matter reports (SMRs)

Chapter Description
Chapter 18 Reportable details (explanatory statement)
Amendments to reportable details (explanatory statement)
Minor amendment (explanatory statement)


Cross-border movement notices

Chapter Description
Chapter 34 Written notices relating to cross-border movement reporting (explanatory statement)
Consequential legislative amendments (explanatory statement)


Reports relating to movements of currency (coin and printed money) and bearer negotiable instruments (CBM-PCs and CBM-BNIs)

Chapter Description
Chapter 24 Currency into or out of Australia (explanatory statement)
Chapter 25 Receipt of currency in Australia from outside Australia (explanatory statement)
Chapter 26 Bearer negotiable instruments into and out of Australia (explanatory statement)

 

Remittance Sector Register

Chapter Description
Chapter 27 Registrable details relating to the Register of Providers of Designated Remittance Services and the Remittance Sector Register (explanatory statement)
Registrable details for the Remittance Sector Register (explanatory statement)
Chapter 44 Removal of reporting entities from the Register of Providers of Designated Remittance Services (explanatory statement)
Chapter 54 Reporting obligations of registered remittance affiliates (explanatory statement)
Chapter 55 Correction of entries on the Remittance Sector Register (explanatory statement)
Chapter 56 Information to be included in an application for registration by a reporting entity (explanatory statement)
Requires contact details of applicant (explanatory statement)

Amendments to requirements for trusts (explanatory statement)

Amendments regarding National Police History Check (NPHC) (explanatory statement)

Chapter 57 Applications for registration - matters to be considered by the AUSTRAC CEO (explanatory statement)
Amendments to include matters specified in the AML/CTF Act (explanatory statement)
Chapter 58 Cancellation of registration - matters to be considered by the AUSTRAC CEO (explanatory statement)
Chapter 59 Suspension of registration - matters to be considered by the AUSTRAC CEO (explanatory statement)
Chapter 60 Obligation to inform AUSTRAC CEO of changes in registration details (explanatory statement)
Chapter 61 Reporting obligations of remittance affiliates - transitional arrangements (explanatory statement)

 

Reporting entities roll

Chapter Description
Chapter 62 Correction of entries on the Reporting Entities Roll (explanatory statement)
Chapter 63 Information to be included in an application for enrolment by a reporting entity (explanatory statement)
Amendments to information required (explanatory statement)
Amendments relevant to partnerships and trusts (explanatory statement)
Chapter 64 Obligation to inform AUSTRAC CEO of changes in enrolment details (explanatory statement)
Chapter 65 Removal of entries from the Reporting Entities Roll (explanatory statement)

 

Record-keeping

Chapter Description
Chapter 20 Records of customer identification deemed to have been carried out by a reporting entity (explanatory statement)
Chapter 29 Records which do not need to be retained by reporting entities (explanatory statement)
Extending exemption to CCTV footage and electronic files (explanatory statement)
Chapter 68 Form in which records of customer identification procedures are to be kept (explanatory statement)

 

30-OCT-2013

Exemptions

Full exemptions from the AML/CTF Act

Chapter

Description

Chapter 22 Over-the-counter derivatives market relating to electricity, gas and renewable energy certificates (explanatory statement)
Chapter 31 Traveller accommodation foreign currency exchange transactions (explanatory statement)
Chapter 32 Safe deposit boxes or similar facilities (explanatory statement)
Chapter 36 Designated services provided within corporate structures (explanatory statement)
Chapter 42 Commodity warehousing of grain (explanatory statement)
Chapter 43 Friendly society closed funds (explanatory statement)
Chapter 47 Risk-only life policy interests in a superannuation fund (explanatory statement)
Chapter 48 Salary packaging administration services (explanatory statement)

 

Partial exemptions from the AML/CTF Act

Chapter

Description

Chapter 10 Gambling services - casinos, oncourse bookmakers, Totalisator agency boards, gaming machines and online gaming services (explanatory statement)
Chapter 11 2011 compliance reporting for providers of designated remittance services under designated service items 31 and 32 of the AML/CTF Act (explanatory statement)

2012 compliance reporting for registered remittance affiliates or registered remittance network providers providing only designated service items 31, 32 or 32A of the AML/CTF Act (explanatory statement)

2013 compliance reporting for registered remittance affiliates or registered remittance network providers providing only designated service items 31, 32 or 32A of the AML/CTF Act (explanatory statement)

Chapter 12 Electronic funds transfer instructions involving the use of a credit card (explanatory statement)
Chapter 14 Customer identification procedures relating to cheques (explanatory statement)
Increasing specified thresholds (explanatory statement)
Chapter 21 Issuing or selling a security or derivative (explanatory statement)
Extension of exemption to foreign financial markets (explanatory statement)
Chapter 23 Exemption for lawyers and accountants from designated remittance arrangements (explanatory statement)
'Accounting' and 'law practices' specified as being 'non-financiers' (explanatory statement)
Chapter 28 Customer identification for assignment, conveyance, sale or transfer of business (explanatory statement)
Amendments regarding application to a voluntary transfer of business (explanatory statement)
Chapter 29

Records which are exempt from record-keeping (original explanatory statement and amendment explanatory statement)

Chapter 33 Sales of bullion less than $5000 (explanatory statement)
Chapter 35 Correspondent banking relationships (explanatory statement)
Chapter 38

Sale of shares for charitable purposes (explanatory statement)

Consequential legislative amendments (explanatory statement)

Chapter 39 Premium funding loans for general insurance policies (explanatory statement)
Extension to 30 June 2012 (explanatory statement)
Repeal of sunset clause (explanatory statement)
Chapter 41 Cashing out of low balance superannuation accounts (explanatory statement)
Departing Australia Superannuation Payments (DASP) (explanatory statement)
Chapter 45 Debt collectors (explanatory statement)
Chapter 46 Customer identification after commencement of a designated service (explanatory statement)
Chapter 49 International Uniform Give-Up Agreements (explanatory statement)
Chapter 50 Pre-commencement customers in designated business groups (explanatory statement)
Chapter 52 Licensed gaming machine operators - 15 machines or less (explanatory statement)
Chapter 53 Threshold transaction reporting relating to Australian Government Entities and Authorised Deposit-Taking Institutions (explanatory statement)
Chapter 66 Customer identification requirements for compulsory transfers under the Financial Sector (Business Transfer and Group Restructure) Act 1999 (explanatory statement)
Chapter 67 Warrants (explanatory statement)

 

30-OCT-2013

Last modified: ...

 

© Commonwealth of Australia - AUSTRAC 2014