Update on Regulatory and Market Activity SYDNEY (11 August 2014)

This RMA event on Anti-Money Laundering (AML) covered a number of issues related to Australia’s AML regulatory framework.

The session considered the likely findings and outcomes that may flow from the review including the issue of whether there will be a Tranche II. Submissions for the issues paper on the review of the AML/CTF Act, regulations and AML/CTF Rules closed on 28 March 2014 so it is timely to consider some of the key observations and recommendations made by individuals, financial institutions and industry bodies.