International Law

Renewal of registration on the AUSTRAC Remittance Sector Register

By djacobson

AUSTRAC has released draft AML/CTF Rules relating to the renewal of registration on the Remittance Sector Register.

New Chapter 70 sets out procedures relating to the renewal of registration for 3 year periods.

Amendments have also been made to Part 8.9 and Part 9.9 (relating to ?Reporting Obligations?) requiring reporting entities to specify in their AML/CTF programs the reporting obligations they have in regard to the RSR and the Reporting Entities Roll.

The post Renewal of registration on the AUSTRAC Remittance Sector Register appeared first on Bright Law | Legal and regulatory information and advice for Australian financial service providers.

     

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Full post as published by Australian Regulatory Compliance Review on June 09, 2014 (boomark / email).