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Proposed amendment to Chapter 11 of the AML/CTF Rules (Compliance Report – reporting and lodgment periods)

Status
Open for submissions
Submission deadline

AUSTRAC has released proposed amendments to Chapter 11 of the AML/CTF Rules for public consultation.

The proposed amendments remove references to the 2018 reporting and lodgment periods and sets those periods for 2019 and each successive year. The amendments also make minor drafting changes to simplify the expression of the circumstances in which registered remittance affiliates are exempted from the compliance reporting obligations.

The consultation period for these amendments is open from 15 October 2019 to 12 November 2019

Consultation document

Explanatory Note for Consultation and draft amendment to Chapter 11 of the AML/CTF Rules (PDF, 132KB)

Submissions received

Please note that submissions may be published.

No submissions are currently available.

Making a submission

When making a submission you may choose to remain anonymous or use an alias. However, if you do remain anonymous we will not be able to contact you to discuss your submission should we need to.

Please note we will not treat your submission as confidential unless you specifically request that we treat the whole, or part of it (such as any personal or financial information), as confidential.

Submissions on proposed amendments to the AML/CTF Rules should be made in writing and sent to one of the below addresses:

By Mail:

Director
Regulation and Access
AUSTRAC
PO Box 5516
West Chatswood NSW 1515

By email: aml_ctf_rules@austrac.gov.au

Privacy notice

AUSTRAC ensures the protection of any personal information provided to it, as required by the Privacy Act 1988.

AUSTRAC collects personal information to fulfil its functions under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and other relevant Commonwealth legislation. AUSTRAC's collection of personal information is authorised by this legislation and the Privacy Act 1988.

Please refer to AUSTRAC’s Privacy Policy for additional information regarding AUSTRAC's privacy practices including how we handle personal information, your rights to seek access to and correct personal information, and your right to complain about breaches of privacy by AUSTRAC.