Austrac has published the following draft AML/CTF Rules as a consequence of the Combating the Financing of People Smuggling and Other Measures Bill 2011 which amends the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 relating to regulation of remittance network providers, a remittance affiliate of a registered remittance network provider or an independent remittance dealer:

Draft AML/CTF Rules specifying information to be included in a registration application

Draft AML/CTF Rules specifying matters to be considered by the AUSTRAC CEO in considering applications for registration

Draft AML/CTF Rules relating to reporting obligations of registered remittance affiliates

Draft AML/CTF Rules relating to the Remittance Sector Register

Draft AML/CTF Rules on suspension of registration from Remittance Sector Register

Draft AML/CTF Rules specifying matters to be considered by the AUSTRAC CEO when deciding to cancel a registration