The House of Representatives has passed the Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Bill 2019 but, in the Senate, the Greens have moved an amendment which will require the inclusion of real estate agents, accountants, and lawyers as designated services regulated by the AML/CTF Act. Background.
Parliament will resume on 30 November 2020 for its final sittings of the year until 10 December.
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Author: David Jacobson
Principal, Bright Corporate Law
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.