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AML/CTF, fraud, security
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Introducing an economy-wide cash payment limit
5 Jul 2018 - The ABA supports the Government’s announcement of an economy-wide cash payment limit of $10,000 for payments to businesses for goods and services, to apply from 1 July 2019. However we raise four points around the operation of the $10,000 limit to ensure it meets the Government’s intentions and does not lead to any unintended consequences or unnecessary red tape.
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The Australian Bankers’ Association’s submission on AUSTRAC’s Industry Contribution 2017-18
23 Jun 2017 - The ABA provided AUSTRAC with comments on its consultation paper - Industry Contribution 2017-18.
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The Australian Bankers’ Association submission on the Proposed AML/CTF Rules amendments
23 May 2017 - The ABA provided AUSTRAC with comments regarding the proposed AML/CTF Rules amendments resulting from the Review of the AML/CTF Act.
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The Australian Bankers’ Association submission on Enhancing Australia’s AML/CTF regime.
15 Feb 2017 - The ABA provided the Attorney-General's Department with comments on Enhancing Australia's AML/CTF regime: Phase 1 amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
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The Australian Bankers’ Association submission on Options for regulating lawyers, conveyancers etc.
27 Jan 2017 - The ABA provided the AGD with comments on the industry consultation: Options for regulating lawyers, conveyancers, accountants, high-value dealers, real estate agents and trust and company service providers.
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The Australian Bankers’ Association submission on draft consultative approach for AML/CTF Rule amendments.
19 Dec 2016 - The ABA appreciated the opportunity to provide AUSTRAC with comments on the draft consultative approach for AML/CTF Rule amendments.
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The Australian Bankers’ Association’s submission on the review of the AML/CTF regime
14 Nov 2016 - The ABA lodged a submission with the Attorney-General's Department on the Industry Consultation Draft: Project Plan "Implementation of the recommendations from the statutory review of the anti-money laundering and counter-terrorism financing regime". The ABA remains fully supportive of the implementation of all 84 recommendations from the statutory review of the AML/CTF financing regime.
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The Australian Bankers’ Association submission to AUSTRAC Industry Contribution 2016-17: Stakeholder Consultation Paper
3 Jun 2016 - The ABA provided comments to AUSTRAC on the Industry Contribution for 2016-17 and suggested they be read in conjunction with the submissions provided on 23 July 2014, 24 October 2014, 17 December 2014, and 26 August 2015.
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The Australian Bankers’ Association submission on AUSTRAC Industry Contribution: Stakeholder consultation paper
26 Aug 2015 - The ABA provided feedback to AUSTRAC on the Industry Contribution: Stakeholder consultation paper - Financial year: 2015-16.
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The Australian Bankers’ Association submission on Amendments to Chapter 4
8 Jul 2015 - The ABA provided recommendations to AUSTRAC regarding Amendments to Chapter 4 (customer identification) of the AML/CTF Rules.
