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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.

More information is available on the Department of Home Affairs website:

The content on this website is general and is not legal advice. Before you make a decision or take a particular action based on the content on this website, you should check its accuracy, completeness, currency and relevance for your purposes. You may wish to seek independent professional advice.

Last updated: 14 Aug 2020
Page ID: 374

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