Skip to content

Australia moves – incrementally – towards AML/CTF compliance

Related people
Gray Jason
Jason Gray

Partner

Sydney

View profile →

Jessica Ji

Senior Associate

Sydney

View profile →

23 December 2020

Australia has implemented “Phase 1.5” in its anti-money laundering and counter-terrorism reforms.  However, Australia’s long-awaited and much-debated “second tranche” of reforms remains out of grasp.
More than a year after it was first introduced into Parliament, the Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Act 2020 (Cth) (Amendment Act) was passed by both Houses of Parliament on 10 December 2020 without amendment, and received royal assent on 17 December 2020.

Recommended content