AUSTRAC has released for public consultation draft amendments to Chapter 10 of the AML/CTF Rules.
The draft amendments to paragraph 10.4.3 implement a requirement of the National Consumer Protection Framework for Online Wagering. They reduce the customer verification period for online gambling accounts from 90 days to a maximum of 14 days.
The consultation period for these amendments is open from 13 December 2018 to 24 January 2019.
Access the draft amendments on the Draft AML/CTF Rules page.