Search for:

The Australian Government has introduced an amendment bill in Parliament that would reframe AML/CTF program and KYC requirements and extend the AML/CTF regime to new types of entities.

In brief

On 11 September 2024, the Australian Government released a much-anticipated bill which proposes to extend the anti-money laundering and counter-terrorism financing (AML/CTF) regime to real estate professionals, professional service providers including lawyers, accountants and trust and company service providers, and dealers in precious stones and metals (the tranche two entities).


Click here to access the full alert.

Author

Alan is a partner in Baker McKenzie's Financial Services & Funds team in Sydney.

Author

Bill Fuggle is a partner in the Sydney office of Baker McKenzie where he is a leading adviser in innovative listed investment products, fintech and neobanks, financial services regulatory advice, fund formation and capital markets.

Author

Trudi is a Partner in Baker McKenzie's Financial Services & Funds team in Brisbane.

Author

Shemira is a senior associate in Baker McKenzie's Sydney office. Her practice focuses on FinTech, corporate crime and financial services.