AML/CTF statutory review implementation

Submissions for this consultation closed on Tuesday, 31 January 2017

On 29 April 2016, the Minister for Justice, the Honourable Michael Keenan MP, released the Report on the Statutory Review of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and Associated Rules and Regulations.

The report contains 84 recommendations to streamline and strengthen Australia's anti-money laundering and counter-terrorism financing (AML/CTF) regime.

Industry consultation​

Options for regulating lawyers, conveyancers, accountants, high-value dealers, real estate agents and trust and company service providers

Recommendation 4.6 of the report states that the Attorney-General's Department and AUSTRAC, in consultation with industry, should:

  1. develop options for regulating lawyers, conveyancers, accountants, high-value dealers, real estate agents and trust and company service providers under the AML/CTF Act, and
  2. conduct a cost-benefit analysis of the regulatory options for regulating lawyers, conveyancers, accountants, high-value dealers, real estate agents and trust and company service providers under the AML/CTF Act.

Our department is conducting a consultation on regulatory models for lawyers, conveyancers, accountants, high-value dealers, real estate agents, trust and company service providers under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

The following sector-specific consultation papers have been developed for industry.

Industry submissions

Public submissions closed at 5.00pm AEDT on 31 January 2017. Copies of received submissions are available below. If you experience accessibility issues with the documents on this page, please contact antimoneylaundering@homeaffairs.gov.au for an alternate version.

General submissions

Accountants

High value dealers

Real estate professionals

Lawyers and conveyancers

Trust and company service providers

Contact details

Financial Crime Section
Department of Home Affairs
3-5 National Circuit
BARTON ACT 2600
Email: antimoneylaundering@homeaffairs.gov.au

Legislation

Media releases

Related links