This information will help you understand and implement reforms related to correspondent banking, which came into effect on 17 June 2021.
Policy principles period
A policy principles period was in effect from 17 June 2021 until 16 June 2022 to enable reporting entities to implement the new correspondent banking obligations.
View the policy principles (PDF, 1.32MB)
Key legislation
- Part 8 of the AML/CTF Act
- Chapter 3 of the AML/CTF Rules