On 19 September 2024, the Senate referred the provisions of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 to the Legal and Constitutional Affairs Legislation Committee, for inquiry and report by 13 November 2024.
This Bill would reform Australia’s anti-money laundering and counter-terrorism financing regime, which establishes the regulatory framework for combatting money laundering, terrorism financing and other serious financial crimes. The Bill would extend the AML/CTF regime to real estate professionals, lawyers, accountants and dealers in precious stones and metals.
The submission closing date is 14 October 2024.
The committee tabled the report on 13 November 2024.