AML/CTF draft rule: over-the-counter derivatives market

Austrac has issued draft AML/CTF Rules exempting certain types of transactions relating to the over-the-counter derivatives market (pdf).

These draft AML/CTF Rules relate to the exemption from the AML/CTF Act of transactions relevant to the over-the-counter derivatives market in Australia relating to the wholesale price of electricity, gas or renewable
energy certificates.

A public consultation period is currently open from
16 January 2008 to 31 January 2008.

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