Austrac PLI – notices to reporting entities

Public Legal Interpretation 12 sets out AUSTRAC’s views on its powers to serve notices on reporting entities under the AML/CTF Act. The PLI does not cover the giving of infringement notices.

Failure to comply with a notice may be either a criminal offence or result in a civil penalty. The PLI sets out the requirements for the different notices, including contents and methods of service.

Print Friendly, PDF & Email

Your Compliance Support Plan

We understand you need a cost-effective way to keep up to date with regulatory changes. Talk to us about our fixed price plans.