Abbreviations

Acronyms and Abbreviations

AML/CTF Act

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

AUSTRAC

the Australian Transaction Reports and Analysis Centre

FATF

Financial Action Task Force

FTR Act

Financial Transaction Reports Act 1988

AGD

Attorney-General’s Department

CDD

Customer due diligence

SMR

suspicious matter report

Scrutiny Committee

Senate Committee for the Scrutiny of Bills

PJCHR

Parliamentary Joint Committee on Human Rights

ASIC

Australian Securities and Investments Commission

ACCC

Australian Competition & Consumer Commission

AFP

Australian Federal Police

FSC

Financial Services Council

ABA

Australian Banking Association

SMSF

Self Managed Super Fund

AusPayNet

Australian Payments Network

ARA

Australian Retailers Association

REIQ

Real Estate Institute of Queensland

IVTS

International Value Transfer Services

COBA

Customer Owned Banking Association

ASFA

Association of Superannuation Funds of Australia

NAB

National Australia Bank

VLB+C

Victorian Legal Services Board and the Victorian Legal Services Commissioner

FAAA

Financial Advice Association of Australia

IVTS

International Value Transfer Services

IFTI

International Funds Transfer Instructions