AML/CTF Rules 2025

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Anti-Money Laundering and Counter-Terrorism Financing Rules 2025

In force Administered by
- Department of Home Affairs
This item is authorised by the following title:

• Anti-Money Laundering and Counter-Terrorism Financing Act 2006 Latest version View as made version F2026C00274 C01 31 March 2026

View document Legislative instrument Filter active Table of contents
- Part 1—Preliminary
- 1-1 Name
- 1-3 Authority
- 1-4 Definitions
- 1-5 Domestic politically exposed person
- 1-6 Enrolment details
- 1-7 Registrable details
- 1-8 Transfer of value—excluded transfers
- 1-9 Security—managed investment schemes
- Part 2—Reporting groups
- 2-1 Reporting group that is a business group
- 2-2 Reporting group formed by election
- 2-3 Conditions for discharge of obligations by members of a reporting group
- 2-4 Conditions for discharge of obligations by members of a reporting group that are not reporting entities
- Part 3—Enrolment
- Division 1—Application for enrolment
- 3-1 Purpose of this Division
- 3-2 Information about applicant’s designated services
- 3-3 Information relating to the applicant
- 3-4 Information relating to earnings
- 3-5 Information about the person completing the application and declaration
- Division 2—Correction and removal of enrolment details
- 3-6 Correction of entries in the Reporting Entities Roll
- 3-7 Removal of name and enrolment details on AUSTRAC CEO’s own initiative
- 3-8 Request to remove entry from Reporting Entities Roll—required information
- Division 3—Changes in enrolment details
- 3-9 Changes in enrolment details to be advised
- Part 4—Registration
- Division 1—Management of the Remittance Sector Register and the Virtual Asset Service Provider Register
- 4-1 Correction of entries
- 4-2 Publication of register information
- Division 2—Information requirements for registration applications
- 4-3 Purpose of this Division
- 4-4 Application—general information
- 4-5 Information relating to ML/TF risks
- 4-6 Information relating to AML/CTF policies
- 4-7 Information relating to accounts with financial institutions
- 4-8 Information relating to other persons assisting
- 4-9 Information relating to key personnel and past unlawful activity etc.
- 4-9A Additional requirements for application for registration as a remittance network provider
- 4-10 Additional requirements for application by remittance network provider for registration of an affiliate
- 4-11 Additional requirements for application by independent remittance dealer for registration as a remittance affiliate
- 4-12 Additional requirements for application for registration as a remittance network provider, an independent remittance dealer or a remittance affiliate of network provider
- 4-13 Additional requirements for application for registration as a remittance affiliate of network provider
- 4-14 Additional requirements for application for registration as a virtual asset service provider
- Division 3—Registration decisions
- 4-15 Registration decisions—other matters
- Division 4—Suspension of registration
- 4-16 Purpose of this Division
- 4-17 Suspension of registration
- 4-18 Effect of suspension—renewal and advising of certain matters
- 4-19 Period of suspension
- 4-20 Notice of suspension decision
- 4-21 Notice of extension of suspension
- 4-22 Revocation of suspension of registration
- 4-23 Notice of decision to revoke suspension of registration
- 4-24 Register entry in relation to suspension of registration
- Division 5—Cancellation of registration
- 4-25 Cancellation of registration—other matters
- 4-26 Publication of cancellation information
- Division 6—Renewal of registration
- 4-27 Purpose of this Division
- 4-28 Application for renewal of registration
- 4-29 Period within which renewal applications may be made
- 4-30 Determining renewal application
- 4-31 Period for which renewed registrations have effect
- 4-32 Decision on renewal application is a reviewable decision
- 4-33 Continuation of registration pending decision on renewal application
- Division 7—Matters registered persons required to advise
- 4-34 Matters registered persons required to advise
- Division 8—Other matters
- 4-35 Spent convictions
- Part 5—AML/CTF programs
- Division 1—ML/TF risk assessment
- 5-1 Review of ML/TF risk assessment
- Division 2—AML/CTF policies related to ML/TF risk mitigation
- 5-2 Carrying out customer due diligence
- 5-3 Policies relating to targeted financial sanctions
- 5-4 Reviewing and updating AML/CTF policies following independent evaluation
- 5-5 Actions requiring approval or that senior manager be informed
- Division 3—AML/CTF policies related to governance and compliance management
- 5-6 Provision of information to governing body
- 5-7 Reporting from AML/CTF compliance officer to governing body
- 5-8 Undertaking personnel due diligence
- 5-9 Providing personnel training
- 5-10 Independent evaluations
- 5-11 Fulfilling reporting obligations
- 5-12 Assessment of potential suspicious matters
- 5-13 Prevention of tipping off
- Division 4—AML/CTF compliance officers
- 5-14 AML/CTF compliance officer requirements—matters to have regard to in determining whether a fit and proper person
- Division 5—AML/CTF program documentation
- 5-15 Time period for AML/CTF program documentation
- Division 6—AML/CTF policies related to lead entities
- 5-16 Record-keeping by lead entity of reporting group
- Division 7—AML/CTF policies related to transfers of value
- 5-17 Policies relating to the obligations of ordering institutions
- 5-18 Policies relating to the obligations of beneficiary institutions
- 5-19 Policies relating to the obligations of intermediary institutions
- Division 8—AML/CTF policies related to real estate transactions
- 5-20 Policies relating to customer due diligence for real estate transactions
- Part 6—Customer due diligence
- Division 1—Initial customer due diligence
- 6-1 Customer is sole trader
- 6-2 Customer is body corporate, partnership or unincorporated association
- 6-3 Customer is trust or foreign equivalent
- 6-4 Customer is government body
- 6-5 Establishing the identity of persons associated with the customer
- 6-6 Person on whose behalf the customer is receiving the designated service
- 6-7 Beneficial owners of the customer
- 6-8 Beneficial owners and senior manager, for bodies corporate, partnerships and unincorporated associations
- 6-9 The nature and purpose of the business relationship or occasional transaction
- 6-10 Individual cannot provide satisfactory evidence regarding a matter
- 6-11 Previous compliance in a foreign country
- Division 2—Providing services before completion of initial customer due diligence
- 6-12 Delayed verification—various designated services provided in Australia
- 6-13 Delayed verification—opening an account and deposit
- 6-14 Delayed verification—certain financial market transactions
- 6-15 Delayed initial customer due diligence—service provided in foreign country
- Division 3—Simplified customer due diligence
- 6-16 Simplified customer due diligence requirements generally
- 6-17 Simplified initial customer due diligence for certain matters
- 6-18 Simplified initial customer due diligence for identity of beneficial owners
- 6-19 Person acting on behalf of customer
- Division 4—Enhanced customer due diligence
- 6-20 Enhanced customer due diligence required when customer seeks unusual services
- 6-21 Establishing source of wealth and source of funds when enhanced due diligence required in certain circumstances
- 6-22 Enhanced customer due diligence requirements for certain virtual asset services
- Division 5—Politically exposed persons
- 6-23 Matters for initial customer due diligence—politically exposed person
- 6-24 Ongoing customer due diligence—politically exposed person
- Division 6—Nested services relationships
- 6-25 Matters for initial customer due diligence—nested services relationship
- 6-26 Ongoing customer due diligence—nested services relationship
- Division 7—Transferred customers
- 6-27 Initial customer due diligence—transferred customer
- 6-28 Ongoing customer due diligence—transferred pre-commencement customer
- Division 8—Reliance on collection and verification of KYC information
- 6-29 Requirements for agreement or arrangement on collection and verification of KYC information
- 6-30 Regular assessment of agreement or arrangement
- 6-31 Requirements for reliance on collection and verification of KYC information
- Division 9—Real estate transactions
- 6-32 Delayed initial customer due diligence—real estate transactions
- 6-33 Initial customer due diligence—real estate transactions
- Division 10—Life policies and sinking fund policies
- 6-34 Initial customer due diligence—life policies and sinking fund policies
- Division 11—Ongoing customer due diligence
- 6-35 Monitoring for unusual transactions and behaviours
- Division 12—Keep open notices
- 6-36 Senior member of agency—superintendent
- 6-37 Prescribed agencies
- 6-38 Form of keep open notice
- 6-39 Information and documents required to be contained in or to accompany keep open notice
- 6-40 Extension notices
- 6-41 Further extension application
- Division 13—Transitional
- 6-42 Initial customer due diligence—previous carrying out of applicable customer identification procedure
- 6-43 Initial customer due diligence—service provided in a foreign country
- Part 7—Correspondent banking
- Division 1—Due diligence assessment for entry into correspondent banking relationship
- 7-1 Requirements for due diligence assessment
- 7-2 Matters to which a senior officer must have regard before giving approval
- Division 2—Requirements for ongoing due diligence assessments
- 7-3 Requirements for ongoing due diligence assessments
- 7-4 Timing of ongoing due diligence assessments
- Part 8—Transfers of value
- Division 1—Ordering institutions and beneficiary institutions
- 8-1 Determination of who is an ordering institution
- 8-2 Determination of who is a beneficiary institution
- Division 2—Transfers of value
- 8-3 Obligations of ordering institutions—collecting, verifying and passing on information
- 8-4 Obligations of beneficiary institutions—monitoring for receipt of information
- 8-5 Obligations of intermediary institutions—monitoring for receipt of information and passing on information
- 8-6 Payment transparency—transition to revised FATF Recommendations
- Division 3—Exemptions from obligations relating to transfers of value
- 8-7 Exemptions—designated services provided at or through foreign permanent establishments
- 8-8 Exemptions—transfers of value occurring in specified circumstances
- Division 4—International value transfer services
- 8-9 When value is in a country
- Part 9—Reporting
- Division 1—Reports of suspicious matters
- 9-1 Purpose of this Division
- 9-2 Reports of suspicious matters—general information
- 9-3 Reports of suspicious matters—information about persons
- 9-4 Reports of suspicious matters—information about the matter
- 9-4A Matters to be taken into account—real estate brokering
- Division 2—Reports of threshold transactions
- 9-5 Purpose of this Division
- 9-6 Reports of threshold transactions—general information
- 9-7 Reports of threshold transactions—information about the customer and other persons
- 9-8 Reports of threshold transactions—information about the transaction
- Division 3—AML/CTF compliance reports
- 9-9 Reporting and lodgement periods for AML/CTF compliance reports
- Division 3A—Amending or withdrawing reports
- 9-9A Purpose of this Division
- 9-9B Reporting entity may amend or withdraw if requested by AUSTRAC CEO
- Division 4—Registered remittance affiliates
- 9-10 Reporting obligations of registered remittance affiliates
- Division 5—Cross-border movement reports
- 9-11 Purpose of this Division
- 9-12 Reports about moving monetary instruments into or out of Australia
- 9-13 Reports about receiving monetary instruments moved into Australia
- 9-14 Affixing of notices about cross-border movement reporting obligations
- Part 10—Secrecy and access
- 10-1 Disclosure of AUSTRAC information to foreign countries or agencies
- Part 11—Other matters
- 11-1 False or misleading information or documents
- 11-2 Use of computers to take administrative action—prescribed provisions
- 11-3 Applications for reconsideration of decisions made by delegates of the AUSTRAC CEO
- Part 12—Application, saving and transitional provisions
- 12-1 Transitional—reports of suspicious matters to be in old form for first 3 months after commencement
- 12-2 Transitional—reports of suspicious matters by entities on Reporting Entities Roll at commencement
- 12-3 Transitional—reports of threshold transactions to be in old form for first 3 months after commencement
- 12-4 Transitional—reports of threshold transactions by entities on Reporting Entities Roll at commencement
- 12-5 Transitional—keep open notices
- Schedule 1—Forms
- Form 1—Keep open notice
- Form 2—Extension notice
- Form 3—Application to issue extension notice
- Endnotes
- Endnote 1—About the endnotes
- Endnote 2—Abbreviation key
- Endnote 3—Legislation history
- Endnote 4—Amendment history