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Draft AML/CTF Rules

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AUSTRAC consults with partner agencies, industry and members of the public prior to making and registering Anti-Money Laundering and Counter-Terrorism Financing Rules (AML/CTF Rules). Draft versions are published on the AUSTRAC website for a four-week consultation period and will generally remain on the website until registered.

Draft AML/CTF Rules

Draft AML/CTF Rules Description

Proposed amendments to Chapter 38 (Exemption from ACIP for the sale of shares for charitable purposes) of the AML/CTF Rules (Word, 50KB)

Proposed amendments to Chapter 38 (Exemption from ACIP for the sale of shares for charitable purposes) of the AML/CTF Rules (PDF, 40KB)

The proposed amendment removes the requirement for the distribution of the proceeds of the sale of security to occur in the same financial year that they are received by the ancillary fund.

The public consultation period for these amendments is open from 3 July 2018 to 31 July 2018.

Draft AML/CTF Rules relating to customers which are custodians – 2nd round public consultation (Word, 67KB)

Draft AML/CTF Rules relating to customers which are custodians – 2nd round public consultation (PDF, 81KB)

These amendments exempt reporting entities from certain identification requirements in Chapter 4 and Chapter 15 of the AML/CTF Rules for corporate customers who are ‘custodians’.

The second public consultation period for these amendments is open from 3 July 2018 to 31 July 2018.

Draft AML/CTF Rules relating to customers which are custodians (Word, 99KB)

Draft AML/CTF Rules relating to customers which are custodians (PDF, 89KB)

These amendments exempt reporting entities from certain identification requirements in Chapter 4 and Chapter 15 of the AML/CTF Rules for corporate customers who are ‘custodians’.

A public consultation period was open from 3 April 2017 to 1 May 2017.

Draft AML/CTF Rules amending Chapter 11 Compliance Report – Reporting and Lodgment Periods (Word, 57KB)

Draft AML/CTF Rules amending Chapter 11 Compliance Report – Reporting and Lodgment Periods (PDF, 292KB)

These amendments set the reporting and lodgement periods for the Compliance Report, and specify the classes of reporting entity that will be exempt from lodging a 2018 Compliance Report.

The public consultation period for these amendments is open from 25 October 2018 to 22 November 2018.


The development of the previously published draft AML/CTF Rules ‘Draft amendments to Chapter 2’ and ‘Draft AML/CTF Rules exempting financial institutions from the applicable identification procedure in certain circumstances’, have been suspended pending the implementation of the statutory review of the AML/CTF Act, Rules and regulations.

How to make a submission

Submissions on draft AML/CTF Rules should be sent to:

By Mail:

Director
Rules
AUSTRAC
PO Box 5516
West Chatswood NSW 1515

By email: aml_ctf_rules@austrac.gov.au

By fax: (03) 8636 0501

Please note that all submissions may be made public except those marked 'confidential'.


Mailing lists

AML/CTF Rules mailing list

Subscribe to AML/CTF Rules updates and receive information about the publication of draft AML/CTF Rules, the registration of AML/CTF Rules and updates to the AML/CTF Rules compilation.

Subscription details should be sent to: aml_ctf_rules@austrac.gov.au.

Privacy notice: AUSTRAC ensures the protection of any personal information provided to it, as required by the Privacy Act 1988. AUSTRAC collects personal information to fulfil its functions under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. AUSTRAC's collection of personal information is authorised by that Act and the Privacy Act 1988. AUSTRAC will not disclose your personal information unless it has obtained your consent, or disclosure is required by law, or AUSTRAC is required to report to the Minister or the Parliament. If you do not provide the personal information requested, AUSTRAC will not be able to add you as a subscriber to the AML/CTF Rules mailing list. AUSTRAC's privacy policy contains additional information regarding AUSTRAC's privacy practices.

Last modified: 26/10/2018 10:23