Can I read AML Regulations Amendment 2019 on EtoBox?

AML Regulations Amendment 2019 by Rachele Greene is a document available to read on EtoBox.

What is AML Regulations Amendment 2019 about?

The document summarizes regulations that amend the Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Regulations 2011. Specifically, the amendments: 1) Set the applicable threshold value for transactions that qualify a person as a "high-value dealer" under the Act to $10,000. 2) Declare that certain registered auctioneers are not considered "reporting entities" and thus not subject to reporting obligations under the Act, with some exceptions. 3) Take effect on August 1, 2019.

Author

Rachele Greene

Language

EN