- Date
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09 Feb 2011
- Chamber
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House of Representatives
- Status
-
Act
-
Portfolio
-
Attorney-General
- Summary
-
Amends the:
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
to: extend the regulatory regime for remittance dealers and providers of remittance networks; and expand the agencies with which Australian Transaction Reports and Analysis Centre (AUSTRAC) can share financial intelligence; Anti-Money Laundering and Counter-Terrorism Financing Act 2006
and Privacy Act 1988
to enable reporting entities to use credit reporting data to verify the identity of their customers; and Financial Transaction Reports Act 1988
to enable the Chief Executive Officer of AUSTRAC to exempt a person from provisions of the Act.