AML/CTF compliance for existing entities

Watch on-demand: Anti-Money Laundering & Counter Terrorism (AML/CTF) compliance for existing entities

During the session, our experts covered the purpose of the AML reforms, the changes and their impact on AML/CTF Programs. They delved into changes in assessing risk, governance arrangements, and reporting groups. Additionally, the webinar addressed crucial topics such as customer due diligence, international value transfer services, value transfers, and virtual asset services. Participants also gained valuable insights into regulatory powers, designated services, and civil penalty provisions, with a focus on key considerations for implementation. 
 
About AML/CTF 

The Anti-Money Laundering & Counter Terrorism Amendment Bill 2024, passed by the Federal Parliament in late 2024, introduces unprecedented changes to Australia’s AML/CTF regime. It significantly revises compliance obligations for existing reporting entities, including financial services, gaming, and gold bullion dealer businesses.  This will have a substantial impact on these sectors. These reforms roll out over the next 18 months, with an effective date of 1 July 2026.