Updated draft AML/CTF Rules

The Australian Transaction Reports and Analysis Centre’s (AUSTRAC) second public consultation on the new AML/CTF Rules is now open for submissions.

The updated draft AML/CTF Rules address feedback AUSTRAC received in the first round of consultation including:

• broadening the range of circumstances where a delay in initial customer due diligence is allowed

  
  

• clarity in forming reporting groups and determining the lead entity

  
  

• the travel rule, that is, the requirement for information about the payer and payee to be included with telegraphic transfers, remittances, transfers of virtual assets and other value transfers 

  
  

• new requirements on reportable details for threshold transaction reports and suspicious matter reports

  
  

• new requirements information required for enrolment and registration applications.

The AML/CTF Rules framework will comprise two separate instruments: 

1. the Anti-Money Laundering and Counter Terrorism Financing Rules 2025 

   
   

2. the AML/CTF (Class Exemptions and Other Matters) Rules 2007 (Class Exemption Rules) are released for public consultation for the first time.

The consultation period for the second exposure draft closes on 27 June 2025.

https://www.austrac.gov.au/business/consultation-industry/second-public-consultation-new-amlctf-rules