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Certified copy

A document certified as a true copy of an original document by someone authorised to do so. To see a list of people who are authorised to certify a copy, see chapter 1, part 1.2 of the AML/CTF Rules.


AML/CTF Rules 2007 chapter 1, part 1.2

Corporate group

A group of two or more related bodies corporate. Two bodies corporate are related if any of the following are true:

  • one is a holding company of the other
  • one is a subsidiary of the other
  • one is a subsidiary of a holding company of the other.

Each is a separate legal entity with limited liability.


AML/CTF Act 2006 section 123 (12)

Corporations Act 2001 section 50

Correspondent banking relationship

A correspondent banking relationship involves one financial institution (the correspondent) providing banking services to another financial institution (the respondent), where both institutions are based in different countries.

Under this arrangement, correspondent banks may provide the respondent bank a wide range of services, including but not limited to: cash management (e.g. interest-bearing accounts in a variety of currencies), international wire transfers, cheque clearing, payable-through accounts and foreign exchange services.

See Correspondent banking relationships and section 5 of the AML/CTF Act