The AUSTRAC Regulatory Guide has been updated with a new chapter on designated services.
The AML/CTF Act’s 74 current designated services are grouped into the following four categories:
- financial services (for example, account/deposit-taking services; remittance services; currency exchange services)
- bullion (bullion dealing)
- gambling services (betting and betting accounts)
- any other prescribed services specified in the AML/CTF Regulations.
