Registered AML/CTF Rules

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

AML/CTF Rules by category

The AML/CTF Rules comprise Rules relating 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)
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)
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)

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)

AML/CTF programs

Chapter	Description
Chapter 5	Special AML/CTF programs (explanatory statement)
Chapter 8	Standard AML/CTF programs (explanatory statement)
Chapter 9	Joint AML/CTF programs (explanatory statement)

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)

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)
Chapter 34	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)
Chapter 27	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)
Chapter 57	Applications for registration - matters to be considered by the AUSTRAC CEO (explanatory statement)
Chapter 57	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)
Chapter 68	Form in which records of customer identification procedures are to be kept (explanatory statement)

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)
Chapter 11	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)
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)
Chapter 14	Increasing specified thresholds (explanatory statement)
Chapter 21	Issuing or selling a security or derivative (explanatory statement)
Chapter 21	Extension of exemption to foreign financial markets (explanatory statement)
Chapter 23	Exemption for lawyers and accountants from designated remittance arrangements (explanatory statement)
Chapter 23	'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)
Chapter 28	Amendments regarding application to a voluntary transfer of business (explanatory statement)
Chapter 29	Records which are exempt from record-keeping (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)
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)
Chapter 41	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)