As we approach the 12 June 2007 start date for AML/CTF compliance reporting obligations, AUSTRAC has produced a
Self Assessment Questionnaire (SAQ) to assist the financial services
sector, bullion dealers and gambling establishments meet their
obligations under the incoming anti-money laundering and
counter-terrorism financing system.
The SAQ is a Word document which can be used as a checklist for your implementation progress and also to identify issues to add to your compliance program. It is not a form which needs to be lodged with AUSTRAC but AUSTRAC may have access to it and any supporting documentation if it conducts an audit of your compliance program.
AUSTRAC has also released five
policies outlining its approach to education, monitoring, exemptions,
enforcement and supervisory capability under the AML/CTF Act to help industry understand its approach.
