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What are these new AML laws we?re hearing about?

April 26, 2017AML hearing Laws

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What are these new AML laws we?re hearing about?

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The new legislation has been introduced by the Australian Government and is similar to legislation already implemented in many countries around the world. We all need to comply with these laws, which help to protect us from money laundering and terrorism financing, and assist law enforcement to identify criminals. The new legislation is: The Anti-Money Laundering and Counter-Terrorism Financing Act 2006.