Explanatory Memorandum
(Circulated by authority of the Minister for Home Affairs, the Honourable Peter Dutton MP)Explanatory Memorandum
Acronym | Definition |
ACIP | Applicable customer identification procedure |
AFP | Australian Federal Police |
AFP Act | Australian Federal Police Act 1979 |
AML/CTF | Anti-money laundering and counter-terrorism financing |
AML/CTF Act or the Act | Anti-Money Laundering and Counter-Terrorism Financing Act 2006 |
AML/CTF amendment Act | Anti-Money Laundering and Counter Terrorism Financing and Other Legislation Amendment Act 2019 |
AML/CTF Rules | Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) |
APP | Australian Privacy Principle |
AUSTRAC | Australian Transaction Reports and Analysis Centre |
AUSTRAC CEO | Chief Executive Officer of the Australian Transaction Reports and Analysis Centre |
BNI | Bearer Negotiable Instrument |
CDPP | Commonwealth Director of Public Prosecutions |
Criminal Code | Criminal Code Act 1995 |
CDD | Customer Due Diligence |
FATF | Financial Action Task Force |
FTR Act | Financial Transaction Reports Act 1988 |
MER | Mutual Evaluation Report |
Privacy Act | Privacy Act 1988 |
Statutory Review Report | Report on the Statutory Review of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and Associated Rules and Regulations |
SMR | Suspicious Matter Report |