Draft AML/CTF Rules

Contents


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

Draft Rules relating to an exemption for licensed trustees (Word, 37KB)

Draft Rules relating to an exemption for licensed trustees (PDF, 30KB)

These draft AML/CTF Rules are a partial exemption from the AML/CTF Act for licensed trustees who hold an Australian Financial Services Licence under the Corporations Act 2001.  The exemption does not apply to the management of inter vivos trusts.

A public consultation period is open from 7 September 2016 to 5 October 2016.

 

Draft Rules relating to an exemption for Registered Plan Management Providers (Word, 35KB)

 

Draft Rules relating to an exemption for Registered Plan Management Providers (PDF, 32KB)

These draft AML/CTF Rules exempt from the AML/CTF Act, Registered Plan Management Providers (RPMPs) who are part of the National Disability Insurance Scheme (NDIS).

A public consultation period is open from 7 September 2016 to 5 October 2016.

Draft AML/CTF Rules relating to account-based money transfer services (PDF, 58KB)

Draft AML/CTF Rules relating to account-based money transfer services (Word, 39KB)

These draft AML/CTF Rules were first published in July 2015 and originally related solely to the Western Union account-based money transfer system. As a result of consultation, they have been amended to include the MoneyGram account-based money transfer system. These systems enable authorised deposit-taking institutions to offer their customers the ability to undertake or receive remittance transfers through the Western Union or MoneyGram platforms.

A public consultation period was open from 22 July to 19 August 2016.

Draft amendments to Chapter 22 - exemption of certain types of transactions relating to the over-the-counter derivatives market (PDF, 46KB)

Draft amendments to Chapter 22 - exemption of certain types of transactions relating to the over-the-counter derivatives market (Word, 33KB)

These draft amendments to Chapter 22 extend the entities which are covered by the exemption.

A public consultation period was open from 10 May 2016 to 7 June 2016.

Draft AML/CTF Rules exempting small on-course bookmakers (PDF, 37KB)

Draft AML/CTF Rules exempting small on-course bookmakers (Word, 66KB)

These draft AML/CTF Rules exempt on-course bookmakers from the obligation to lodge compliance reports and from complying with the requirements that relate to Part A of an AML/CTF program in specified circumstances.

A public consultation period was open from 13 November 2014 to 11 December 2014.


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 finalisation 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
PO Box 13173
Law Courts
MELBOURNE VIC 8010

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

AUSTRAC e-news mailing list

Subscribe to the AUSTRAC e-news newsletter and receive monthly updates from AUSTRAC about Australia's AML/CTF regime.

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Future consultation

Future consultation with the Attorney-General's Department, other relevant government departments, privacy, civil liberties and consumer protection representatives through the privacy consultative committee, partner agencies and industry will continue to occur regarding new draft AML/CTF Rules.