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AU AML/CTF — designated services, customer due diligence, SMR / IFTI reporting

scenarioAUaml_ctf

SourceAnti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) Parts 2-3; AML/CTF Rules (AUSTRAC)

An entity provides a designated service under the AML/CTF Act (e.g. account opening, remittance, gambling, digital-currency exchange) and is therefore a reporting entity. It must enrol with AUSTRAC, implement an AML/CTF programme, conduct applicable customer due diligence (Part 2), and lodge SMRs (suspicious matter reports) and IFTIs (international funds transfer instructions).

Applies when

  • role=reporting_entity
  • regulatory_regime=amlctf
  • country_of_operation=AU

Applicable legislation (1 item)

Applicable topics (3 claims)

Co-applies within this scenario (1 relationship)

Rules don’t globally co-apply — they co-apply when the scenario is true. The pairs below reinforce each other under the AU AML/CTF — designated services, customer due diligence, SMR / IFTI reporting predicates.

  • AML/CTF Act — designated services + reporting entityAutonomous Sanctions — permit regimemutually_reinforcing

    AML/CTF CDD + autonomous-sanctions screening reinforce each other on sanctioned-counterparty transactions

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