Australian AML reforms work their way towards law

The Australian government has proposed a comprehensive set of anti-money laundering and counter financing of terrorism (AML/CFT) reforms in draft legislation that is now under discussion in the country's House of Representatives and Senate.

By Keith Nuthall

The Australian government has proposed a comprehensive set of anti-money laundering and counter financing of terrorism (AML/CFT) reforms in draft legislation that is now under discussion in the country's House of Representatives and Senate. [1]