AUSTRAC CEO warns of regulatory action if firms dismiss new AML rules

Australia’s anti-money laundering regulator, AUSTRAC, will roll out website changes from 30 March as part of a staged uplift tied to implementing the country’s AML/CTF (Anti-Money Laundering/Counter-Terrorism Financing) reforms. The update comes as new AML reform requirements begin for existing reporting entities, while tranche two businesses can also start enrolling and registering with AUSTRAC…
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