A registered remittance service provider who has an agreement with a remittance network provider to use that network’s brand, products, platforms or systems to provide the remittance service. 

Under the agreement the affiliate accepts instructions from customers to send funds to a recipient in another location, and accepts instructions to make funds available to a beneficiary.

See

AML/CTF Act 2006 section 5 – Definitions: registered remittance affiliate, registered remittance network provider

AML/CTF Act 2006 item 32A of Table 1 of section 6 – Designated services

An AML/CTF program includes an ML/TF risk assessment and AML/CTF policies. 

Reporting entities must have and comply with an AML/CTF program.

See

AML/CTF Act 2006 Part 1A

An Australian government body includes:

• the Commonwealth, a state or a territory of Australia
• an agency or authority of the Commonwealth, a state or a territory of Australia.

See

AML/CTF Act 2006 section 5

A financial institution licensed by the Australian Prudential Regulatory Authority (APRA) to carry on banking business, including accepting deposits from the public. This includes:

• banks
• building societies,
• credit unions.

Under the AML/CTF Act, the Reserve Bank of Australia and state banks are also ADIs.

See

AML/CTF Act 2006 Section 5