GRCLaw

AML/CTF Rules

Anti-Money Laundering and Counter-Terrorism Financing Rules 2025

The Anti-Money Laundering and Counter-Terrorism Financing Rules 2025 provide detailed obligations on reporting entities in Australia to prevent financial crimes, including money laundering and terrorism financing. Administered by the Department of Home Affairs, it supports compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

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Overview

This regulation establishes comprehensive requirements for financial and designated service providers to detect and deter money laundering and terrorism financing activities. Key areas include customer due diligence, reporting obligations, risk management, and compliance officer requirements. Specific rules cover measures for high-risk scenarios like correspondent banking, real estate transactions, and virtual asset services. Compliance is monitored by AUSTRAC, which has the authority to impose penalties or corrective actions for non-compliance.

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GRCLaw

Criminal Code Act 1995

The Criminal Code Act 1995 is an Australian federal law that establishes the legal framework for addressing criminal offenses. It outlines principles of criminal responsibility, specific offenses such as terrorism and espionage, and provisions for external and corporate liabilities.

Attorney-General's Department • Australia • vNo. 137, 17 February 2021

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GRCLaw

BCI Act — Building and Construction Industry (Improving Productivity) Act 2016

The Building and Construction Industry (Improving Productivity) Act 2016 establishes a regulatory framework aimed at improving productivity and accountability within the building and construction sector in Australia. It provides for the creation of the Australian Building and Construction Commission and outlines rules governing industrial actions, security of payments, and compliance with workplace safety regulations.

Australian Government • Australia • vNo. 2, 17 February 2017

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GRCLaw

Environment Protection and Biodiversity Conservation Act 1999

The Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) is Australia's key environmental legislation. It provides a legal framework to protect and manage nationally and internationally significant flora, fauna, ecological communities, and heritage places.

Australian Government • Australia • vNo. 55, 16 December 2020

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GRCLaw

Disability Discrimination Act 1992

The Disability Discrimination Act 1992 is an Australian law prohibiting discrimination based on disability across various areas, including employment, education, access to services, and public spaces. It aims to promote equal opportunity and eliminate unjustifiable hardship for individuals with disabilities.

Australian Government • Australia • vNo. 31, 1 July 2016

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