Public consultation open on new draft AML/CTF Rules

Written By Scott Martin

AUSTRAC CEO Brendan Thomas encourages businesses and industry associations to have their say on the new draft Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Rules. “Now that Parliament’s passed the Amendment Bill, we’re busily working on new AML/CTF Rules – these provide the finer details for the obligations set out in the Act,” said Mr Thomas.

The new draft Rules are open for a first round of public consultation until 14 February 2025. A second round of consultation will also be initiated in early 2025.

Scott Martin
Previous

Scams Prevention Framework
Next

Breach Reporting: Findings of ASIC’s review and how licensees can improve compliance with the regime