The Combating the Financing of People Smuggling and Other Measures Act 2011 – Proclamation fixes 1 November 2011 as the day on which the remittance dealer provisions in items 1 to 11 of Schedule 1 of the Combating the Financing of People Smuggling and Other Measures Act 2011 commences.

The primary purpose of the provisions is to reduce the risk of money transfers by remittance dealers being used to fund people smuggling ventures and other serious crimes by introducing a more comprehensive anti-money laundering and counter-terrorism financing regulatory regime for the remittance sector.