Draft AML/CTF Rules now open for consultation
These draft amendments to Chapter 38 of the AML/CTF Rules (Sale of shares for charitable purposes) have increased the threshold for the disposal of parcels of shares from $500 to $10,000. It is considered that this threshold will encourage donations of higher monetary value while not increasing money-laundering and terrorism-financing risk.
A public consultation period is open from 7 March 2016 to 4 April 2016.
Access the draft amendments at the Draft AML/CTF Rules page.