Trend Watch: Reforms to Australia’s AML regime – what you need to know
The Commonwealth Attorney-General has recently introduced the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024, aimed at amending the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and repealing the Financial Transaction Reports Act 1998. The proposed changes signal Australia’s strengthened commitment to combatting money laundering and terrorism financing, targeting criminal activity more effectively. For more […]