Australia's Enhanced Anti-money Laundering and Counter-terrorism Financing Regime: New Compliance Challenges for the Financial Services Industry
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Posthouwer, Marc (2008) Australia's Enhanced Anti-money Laundering and Counter-terrorism Financing Regime: New Compliance Challenges for the Financial Services Industry. Law in Context, 25 (2). pp. 160-177. ISSN 0811-5796
Abstract
As part of the effort to combat money laundering and the financing of terrorism, Australia’s anti-money laundering (AML) and counter terrorism financing (CTF) regime has been the subject of a series of legislative enhancements resulting from recent amendments to the foundational AML legislation, the Financial Transaction Reports Act 1988 (Cth) (FTR Act), and the introduction of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) that presents new compliance challenges for the financial services industry and poses questions about its impact on privacy and other rights of consumers of financial and related services.
| Item type | Article |
| URI | https://vuir.vu.edu.au/id/eprint/3895 |
| Official URL | http://search.informit.com.au/documentSummary;dn=2... |
| Subjects | Historical > Faculty/School/Research Centre/Department > School of Law Historical > FOR Classification > 1801 Law Historical > SEO Classification > 9404 Justice and the Law |
| Keywords | ResPubID14812, money laundering, terrorism prevention, financing terrorism, Australia’s anti-money laundering (AML), counter terrorism financing (CTF), Anti-Money Laundering and Counter-Terrorism Financing Act 2006, financial services industry |
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