Skip to main
Help and resources
Register
for My Account
Sign in
to My Account
Search
Australian Government
Federal Register of Legislation
Site navigation
Constitution
Acts
Legislative instruments
Notifiable instruments
Gazettes
Administrative Arrangements
Prerogative instruments
Norfolk Island
Home
Legislative instruments
In force
Text
Details
Authorises
Downloads
All versions
Interactions
Anti-Money Laundering and Counter-Terrorism Financing Rules 2025
In force
Administered by
Department of Home Affairs
This item is authorised by the following title:
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
Latest version
Order print copy
Save this title to My Account
Set up an alert
F2025L01026
29 August 2025
Legislation text
View document
Select value
Legislative instrument
Explanatory statement
Filter active
Table of contents
Enter text to search the table of contents
Collapse
Part 1—Preliminary
1-1 Name
1-2 Commencement
1-3 Authority
1-4 Definitions
1-5 Domestic politically exposed person
1-6 Enrolment details
1-7 Registrable details
1-8 Transfer of value—excluded transfers
1-9 Security—managed investment schemes
Collapse
Part 2—Reporting groups
2-1 Reporting group that is a business group
2-2 Reporting group formed by election
2-3 Conditions for discharge of obligations by members of a reporting group
2-4 Conditions for discharge of obligations by members of a reporting group that are not reporting entities
Collapse
Part 3—Enrolment
Collapse
Division 1—Application for enrolment
3-1 Purpose of this Division
3-2 Information about applicant’s designated services
3-3 Information relating to the applicant
3-4 Information relating to earnings
3-5 Information about the person completing the application and declaration
Collapse
Division 2—Correction and removal of enrolment details
3-6 Correction of entries in the Reporting Entities Roll
3-7 Removal of name and enrolment details on AUSTRAC CEO’s own initiative
3-8 Request to remove entry from Reporting Entities Roll—required information
Collapse
Division 3—Changes in enrolment details
3-9 Changes in enrolment details to be advised
Collapse
Part 4—Registration
Collapse
Division 1—Management of the Remittance Sector Register and the Virtual Asset Service Provider Register
4-1 Correction of entries
4-2 Publication of register information
Collapse
Division 2—Information requirements for registration applications
4-3 Purpose of this Division
4-4 Application—general information
4-5 Information relating to ML/TF risks
4-6 Information relating to AML/CTF policies
4-7 Information relating to accounts with financial institutions
4-8 Information relating to other persons assisting
4-9 Information relating to key personnel and past unlawful activity etc.
4-10 Additional requirements for application by remittance network provider for registration of an affiliate
4-11 Additional requirements for application by independent remittance dealer for registration as a remittance affiliate
4-12 Additional requirements for application for registration as an independent remittance dealer or a remittance affiliate of network provider
4-13 Additional requirements for application for registration as a remittance affiliate of network provider
4-14 Additional requirements for application for registration as a virtual asset service provider
Collapse
Division 3—Registration decisions
4-15 Registration decisions—other matters
Collapse
Division 4—Suspension of registration
4-16 Purpose of this Division
4-17 Suspension of registration
4-18 Effect of suspension—renewal and advising of certain matters
4-19 Period of suspension
4-20 Notice of suspension decision
4-21 Notice of extension of suspension
4-22 Revocation of suspension of registration
4-23 Notice of decision to revoke suspension of registration
4-24 Register entry in relation to suspension of registration
Collapse
Division 5—Cancellation of registration
4-25 Cancellation of registration—other matters
4-26 Publication of cancellation information
Collapse
Division 6—Renewal of registration
4-27 Purpose of this Division
4-28 Application for renewal of registration
4-29 Period within which renewal applications may be made
4-30 Determining renewal application
4-31 Period for which renewed registrations have effect
4-32 Decision on renewal application is a reviewable decision
4-33 Continuation of registration pending decision on renewal application
Collapse
Division 7—Matters registered persons required to advise
4-34 Matters registered persons required to advise
Collapse
Division 8—Other matters
4-35 Spent convictions
Collapse
Part 5—AML/CTF programs
Collapse
Division 1—ML/TF risk assessment
5-1 Review of ML/TF risk assessment
Collapse
Division 2—AML/CTF policies related to ML/TF risk mitigation
5-2 Carrying out customer due diligence
5-3 Policies relating to targeted financial sanctions
5-4 Reviewing and updating AML/CTF policies following independent evaluation
5-5 Actions requiring approval or that senior manager be informed
Collapse
Division 3—AML/CTF policies related to governance and compliance management
5-6 Provision of information to governing body
5-7 Reporting from AML/CTF compliance officer to governing body
5-8 Undertaking personnel due diligence
5-9 Providing personnel training
5-10 Independent evaluations
5-11 Fulfilling reporting obligations
5-12 Assessment of potential suspicious matters
5-13 Prevention of tipping off
Collapse
Division 4—AML/CTF compliance officers
5-14 AML/CTF compliance officer requirements—matters to have regard to in determining whether a fit and proper person
Collapse
Division 5—AML/CTF program documentation
5-15 Time period for AML/CTF program documentation
Collapse
Division 6—AML/CTF policies related to lead entities
5-16 Record-keeping by lead entity of reporting group
Collapse
Division 7—AML/CTF policies related to transfers of value
5-17 Policies relating to the obligations of ordering institutions
5-18 Policies relating to the obligations of beneficiary institutions
5-19 Policies relating to the obligations of intermediary institutions
Collapse
Division 8—AML/CTF policies related to real estate transactions
5-20 Policies relating to customer due diligence for real estate transactions
Collapse
Part 6—Customer due diligence
Collapse
Division 1—Initial customer due diligence
6-1 Customer is sole trader
6-2 Customer is body corporate, partnership or unincorporated association
6-3 Customer is trust or foreign equivalent
6-4 Customer is government body
6-5 Establishing the identity of persons associated with the customer
6-6 Person on whose behalf the customer is receiving the designated service
6-7 Beneficial owners of the customer
6-8 Beneficial owners and senior manager, for bodies corporate, partnerships and unincorporated associations
6-9 The nature and purpose of the business relationship or occasional transaction
6-10 Individual cannot provide satisfactory evidence regarding a matter
6-11 Previous compliance in a foreign country
Collapse
Division 2—Providing services before completion of initial customer due diligence
6-12 Delayed verification—various designated services provided in Australia
6-13 Delayed verification—opening an account and deposit
6-14 Delayed verification—certain financial market transactions
6-15 Delayed initial customer due diligence—service provided in foreign country
Collapse
Division 3—Simplified customer due diligence
6-16 Simplified customer due diligence requirements generally
6-17 Simplified initial customer due diligence for certain matters
6-18 Simplified initial customer due diligence for identity of beneficial owners
6-19 Person acting on behalf of customer
Collapse
Division 4—Enhanced customer due diligence
6-20 Enhanced customer due diligence required when customer seeks unusual services
6-21 Establishing source of wealth and source of funds when enhanced due diligence required in certain circumstances
6-22 Enhanced customer due diligence requirements for certain virtual asset services
Collapse
Division 5—Politically exposed persons
6-23 Matters for initial customer due diligence—politically exposed person
6-24 Ongoing customer due diligence—politically exposed person
Collapse
Division 6—Nested services relationships
6-25 Matters for initial customer due diligence—nested services relationship
6-26 Ongoing customer due diligence—nested services relationship
Collapse
Division 7—Transferred customers
6-27 Initial customer due diligence—transferred customer
6-28 Ongoing customer due diligence—transferred pre-commencement customer
Collapse
Division 8—Reliance on collection and verification of KYC information
6-29 Requirements for agreement or arrangement on collection and verification of KYC information
6-30 Regular assessment of agreement or arrangement
6-31 Requirements for reliance on collection and verification of KYC information
Collapse
Division 9—Real estate transactions
6-32 Delayed initial customer due diligence—real estate transactions
6-33 Initial customer due diligence—real estate transactions
Collapse
Division 10—Life policies and sinking fund policies
6-34 Initial customer due diligence—life policies and sinking fund policies
Collapse
Division 11—Ongoing customer due diligence
6-35 Monitoring for unusual transactions and behaviours
Collapse
Division 12—Keep open notices
6-36 Senior member of agency—superintendent
6-37 Prescribed agencies
6-38 Form of keep open notice
6-39 Information and documents required to be contained in or to accompany keep open notice
6-40 Extension notices
6-41 Further extension application
Collapse
Division 13—Transitional
6-42 Initial customer due diligence—previous carrying out of applicable customer identification procedure
6-43 Initial customer due diligence—service provided in a foreign country
Collapse
Part 7—Correspondent banking
Collapse
Division 1—Due diligence assessment for entry into correspondent banking relationship
7-1 Requirements for due diligence assessment
7-2 Matters to which a senior officer must have regard before giving approval
Collapse
Division 2—Requirements for ongoing due diligence assessments
7-3 Requirements for ongoing due diligence assessments
7-4 Timing of ongoing due diligence assessments
Collapse
Part 8—Transfers of value
Collapse
Division 1—Ordering institutions and beneficiary institutions
8-1 Determination of who is an ordering institution
8-2 Determination of who is a beneficiary institution
Collapse
Division 2—Transfers of value
8-3 Obligations of ordering institutions—collecting, verifying and passing on information
8-4 Obligations of beneficiary institutions—monitoring for receipt of information
8-5 Obligations of intermediary institutions—monitoring for receipt of information and passing on information
8-6 Payment transparency—transition to revised FATF Recommendations
Collapse
Division 3—Exemptions from obligations relating to transfers of value
8-7 Exemptions—designated services provided at or through foreign permanent establishments
8-8 Exemptions—transfers of value occurring in specified circumstances
Collapse
Division 4—International value transfer services
8-9 When value is in a country
Collapse
Part 9—Reporting
Collapse
Division 1—Reports of suspicious matters
9-1 Purpose of this Division
9-2 Reports of suspicious matters—general information
9-3 Reports of suspicious matters—information about persons
9-4 Reports of suspicious matters—information about the matter
Collapse
Division 2—Reports of threshold transactions
9-5 Purpose of this Division
9-6 Reports of threshold transactions—general information
9-7 Reports of threshold transactions—information about the customer and other persons
9-8 Reports of threshold transactions—information about the transaction
Collapse
Division 3—AML/CTF compliance reports
9-9 Reporting and lodgement periods for AML/CTF compliance reports
Collapse
Division 4—Registered remittance affiliates
9-10 Reporting obligations of registered remittance affiliates
Collapse
Division 5—Cross-border movement reports
9-11 Purpose of this Division
9-12 Reports about moving monetary instruments into or out of Australia
9-13 Reports about receiving monetary instruments moved into Australia
9-14 Affixing of notices about cross-border movement reporting obligations
Collapse
Part 10—Secrecy and access
10-1 Disclosure of AUSTRAC information to foreign countries or agencies
Collapse
Part 11—Other matters
11-1 False or misleading information or documents
Collapse
Part 12—Application, saving and transitional provisions
12-1 Transitional—reports of suspicious matters to be in old form for first 3 months after commencement
12-2 Transitional—reports of suspicious matters by entities on Reporting Entities Roll at commencement
12-3 Transitional—reports of threshold transactions to be in old form for first 3 months after commencement
12-4 Transitional—reports of threshold transactions by entities on Reporting Entities Roll at commencement
12-5 Transitional—keep open notices
Collapse
Schedule 1—Forms
Form 1—Keep open notice
Form 2—Extension notice
Form 3—Application to issue extension notice