Revised anti-money laundering Bill delayed

The proposed second period of consultation on the draft anti-money
laundering reform package will now commence in mid-June according to the Minister
for Justice and Customs, Senator Chris Ellison
.

The first round of consultations has ended with the
Government receiving more than 120 submissions. The Senate Legal and Constitutional
Committee Inquiry into the Exposure Draft of the Anti-Money Laundering
and Counter-Terrorism Bill 2005 delivered its report (pdf) in April.

Developing an anti-money laundering compliance program

 

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