AUSTRAC has made Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment (Chapters 21, 51 and 78) Instrument 2023 amending Chapters 21 (the issuing of an interest in a litigation funding scheme is no longer a designated service), 51 (Western Union change of name) and 78 (Transferwise change of name).
These amendments are minor and machinery changes that remove redundant provisions from Chapter 21 and update references in Chapters 51 and 78.
The updated Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) can be downloaded here.
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
