AML/CTF Governance
Good governance is critical to protecting your business from criminal exploitation and driving a positive culture of anti-money laundering and counter-terrorism financing (AML/CTF) compliance.
The new guidance resources on this page are designed to help you take ownership of the money laundering and terrorism financing (ML/TF) risks your business faces and ensure effective governance in your business.
Video: How to build a strong AML/CTF culture in your business
Effective AML/CTF governance must include
- clear responsibilities for board and senior management for oversight of AML/CTF compliance
- a comprehensive ML/TF risk assessment
- documented AML/CTF programs and procedures
- a dedicated AML/CTF compliance officer to oversee AML/CTF compliance
Download guidance resources
Download these documents for further guidance on how to build a positive culture in your business:
- AML/CTF governance document (PDF, 692KB)
- Sole trader checklist (PDF, 126KB)
- Compliance officers checklist (PDF, 174KB)
- Boards and senior management checklist (PDF, 184KB
This guidance sets out how we interpret the Act, along with associated Rules and regulations. Australian courts are ultimately responsible for interpreting these laws and determining if any provisions of these laws are contravened.
The examples and scenarios in this guidance are meant to help explain our interpretation of these laws. They’re not exhaustive or meant to cover every possible scenario.
This guidance provides general information and isn't a substitute for legal advice. This guidance avoids legal language wherever possible and it might include generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases your particular circumstances must be taken into account when determining how the law applies to you.