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.

What’s new

A sensible path forward for Open Banking
10 May 2018
Open Banking will allow customers, at their request, to share their personal information with other financial institutions to allow them to find a better deal on expenses such as electricity bills, telecommunications and other items.
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ABA blog

Customers at centre of mortgage industry overhaul
Christine Cupitt, Executive Director - Policy, Australian Banking Association
Read more 1 Feb 2018

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