In September 2024, the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 was introduced before the House of Representatives in Australia. The objective of the Bill is to improve the effectiveness of Australia’s Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regime.
The Bill expands the scope of Australia’s AML/CTF regime to a new category of entities known as Tranche Two Entities. Tranche Two Entities include the following services:
Our latest video discusses the Tranche Two Entities and the implications of them being regulated under the AML/CTF regulations of Australia. Watch the video now to learn about the AML/CTF obligations that Tranche Two Entities would have to comply with after the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 is enacted.
