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.

 

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