Anti-money laundering and counter-terrorism financing laws in Australia | Practical Law
This note explains anti-money laundering and counter-terrorism financing (AMLCTFA) laws, regulations, rules and guidance in Australia, including their enforcement by the Australian Transaction Reports and Analysis Centre (AUSTRAC), the role of the Financial Action Task Force (FATF) and the FATF recommendations, and the types of practical compliance methods that are used to combat financial crime including customer due diligence and AML/CTF compliance programs.