Report on the statutory review of the AML/CTF Act and associated Rules and Regulations
In 2013, the Government commenced a review of the Anti-Money Laundering and Counter-Terrorism Act 2006 (AML/CTF Act) and associated rules and regulations. The report on the review was tabled in Parliament in 2016.
The review considered findings of the Financial Action Task Force’s (FATF) mutual evaluation of Australian’s AML/CTF regime, and consultation with industry, government and the public.
The review concludes that Australia's AML/CTF regime is relevant and appropriate but identifies opportunities to minimise red tape and recommends strengthening the already robust legal framework to better respond to new and emerging threats.
- Download a copy of the report (1532KB, PDF)
More information is available on the Department of Home Affairs website:
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