Pursuant to paragraph 44.2 of the AML/CTF Rules the AUSTRAC Chief Executive Officer (CEO) may remove a person's name and registrable details from the Register of Providers of Designated Remittance Services (PDRS) if he is of the opinion that the consequences of keeping that person's name and registrable details on the Register of PDRS constitute an unacceptable money laundering or terrorism financing risk.
It is an offence, under subsection 74(2) of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, for a person to provide a registrable designated remittance service if the person's name and registrable details are not entered on the Register.
Once the AUSTRAC CEO has removed a person's name and registrable details from the Register of PDRS the AUSTRAC CEO must within seven days give the person written notice of the removal.
By publishing copies of these written notices, AUSTRAC remains transparent and accountable in its decision making.
Thi Kim Hong Tran (PDF, 40KB)
Cyril Ihemeje (PDF, 46KB)