After two rounds of consultation, the Anti-Money Laundering and Counter-Terrorism Financing Rules 2025 (New AML Rules) were made on 29 August 2025 alongside the Anti-Money Laundering and Counter-Terroism Financing (Class...more
9/5/2025
/ AML/CFT ,
Anti-Money Laundering ,
Australia ,
Compliance ,
Final Rules ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
Money Laundering ,
New Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Assessment ,
Terrorist Financing
A quick recap on reforms affecting reporting entities The Amended AML/CTF Act removed the concept of "designated business groups" and replaced this with "reporting group". The concept of "reporting group" means that, if...more