Navigating AML Tranche 2 Reforms

The Australian Government is reforming Australia’s anti money laundering and counter-terrorism financing (AML/CTF) regime. These regulations propose to extend the existing AML/CTF legislation to certain high-risk services, known as tranche 2 services. The reforms aim to simplify and modernize the regime, reduce complexity, and harden Australian businesses against exploitation by serious organized criminals. Expert insights from Momenta Group will keep you informed about the latest industry developments and regulatory changes, ensuring your business has the necessary people, processes, and technology. Keep in mind that the specific impact will vary depending on your business’s type, industry, and size. Therefore, it is essential for businesses to stay informed and adjust their practices accordingly

 

Download the full Navigating AML Tranche 2 Reforms white paper here.