Austrac has released 2 sets of draft AML/CTF Rules relating to providers of traveller accommodation for public consultation:
Safe deposit boxes
These draft AML/CTF Rules exempt providers of traveller accommodation, who provide in-room safes and safe deposit facilities to registered guests,from all provisions of the AML/CTF Act. A public consultation period is open from 28 November 2008 to 12 December 2008.
Currency exchange transactions
These draft AML/CTF Rules exempt providers of traveller accommodation, who also provide low-value currency exchange services to registered guests,from all provisions of the AML/CTF Act. A public consultation period is open from 28 November 2008 to 12 December 2008.
