Australia Anti-Money Laundering Law – How Can Organizations Implement Compliance Programs: Best Practices to Follow

• By: ComplianceOnline Expert
• Date: January 20, 2012

Australia’s legal framework to detect and deter money-laundering and terrorism, namely, the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) lays down the obligations that are supervised and regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC).

This article gives the best practices to be followed in order to comply with these regulations.