- Date
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18 Sep 2008
- Chamber
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House of Representatives
- Status
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Act
-
Portfolio
-
Home Affairs
- Summary
-
Amends the
Financial Transactions Reports Act 1988
to facilitate the transition to regulation under the Anti-Money Laundering and Counter- Terrorism Financing Act 2006
to: authorise certain cash dealers to continue reporting suspicious transactions, international funds transfer instructions and significant cash transactions to the Australian Transaction Reports and Analysis Centre (AUSTRAC); authorise solicitors, solicitor corporations and partnerships of solicitors to continue to provide AUSTRAC with cash transaction reports; and authorise certain cash dealers to enter transactions into their exemption register until 11 March 2010.