Draft AML/CTF Rules for debt collectors

Austrac has issued draft AML/CTF Rules which exempt from specified provisions of the AML/CTF Act, those persons who in the capacity of a debt collector, provide certain designated services. These draft AML/CTF Rules do not remove, when appropriate, the obligation on debt collectors to make suspicious matter reports under section 41 of the AML/CTF Act.

A public consultation period is open from 8 October 2009 to 22 October 2009.

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