Financial Transaction Reports Act
Like the AML/CTF Act, the Financial Transaction Reports Act 1988 (FTR Act) imposes certain obligations on solicitors and entities known as ‘cash dealers’ under the FTR Act. However, because the obligations specified in the FTR Act have largely been replaced by obligations under the AML/CTF Act, the FTR Act now mostly affects solicitors, and motor vehicle dealers who act as insurers or insurance intermediaries.
Access the FTR Act
You can find the FTR Act at the Federal Register of Legislation website:
Obligations for motor vehicle dealers and solicitors
Solicitors, and motor vehicle dealers who act as insurers or insurance intermediaries, must report significant cash transactions and suspicious transactions.
Find out more about obligations for:
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