MarketplaceGRCAML/CTF Rules
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.

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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