Do you have difficulty locating the anti-money laundering requirements that apply to your business? Are you concerned that you might have missed essential requirements? Do you find working through the complex web of legislation, regulatory materials and AUSTRAC guidance time consuming?
To assist those responsible for ensuring compliance with anti-money laundering legislation, Minter Ellison has developed Integrated AML.
Now in its third edition, Integrated AML 2012 is an essential aid for AML teams, compliance and risk managers and legal counsel. It is designed to help identify and put in one place the myriad of statutory requirements, rules, AUSTRAC guidance and related material that apply to Australian reporting entities.
The strength of Minter Ellison's Integrated AML is its streamlined functionality. Integrated AML 2012 brings together and cross-references each provision of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) with its related rules, regulations, explanatory materials and AUSTRAC guidance notes, policies and other material in a single easy-to-use package which takes the guess work out of compliance.
The 2012 version of Integrated AML has been significantly enhanced to include the:
- AUSTRAC Levy and Collection Acts and the draft Ministerial Determination
- Autonomous Sanctions Act and draft Regulations
- Financial Transactions Reports Act 1988 and Regulations, which still regulates activities not caught by the AML/CTF Act itself
- amendments made by the Combating the Financial of People Smuggling and Other Measures Act 2011 along with and two later amending Acts
- latest changes made to the AML/CTF Rules, up to and including the new remittance rules
- latest draft rules released by AUSTRAC up to and including the draft rules relating to compliance reporting and those relating to multiple account signatories
- latest AUSTRAC guidance, information circulars and regulatory policy
- cross-references to a range of FATF materials.
Integrated AML is comprised of three volumes.
Volume 1
This is the main part of Integrated AML.
It extracts and integrates the relevant provisions of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and the AML/CTF Rules and Regulations. It also operates as an annotated version of the Act and Rules by including cross-references and links after each provision to relevant AUSTRAC guidance and policies, along with references to other material, such as the FATF principles.
This volume also includes the following statutes and extracts from the:
- AUSTRAC Levy and Collection Acts
- Financial Transactions Reports Act
- Autonomous Sanctions Act the terrorist financing and proceeds of crime provisions of the Criminal Code
- Australian Crime Commission Act 2002 and the Privacy Act 1988.
Volume 2
This volume aims to match each of the provisions of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, AUSTRAC levy and collection legislation and the Autonomous Sanctions Act 2011 with the various Explanatory Memoranda for the Bills tabled in Parliament.
Each provision is shown alongside the relevant statements in the Explanatory Memoranda. Amendments to the Act are shown as marked changes with the relevant explanations for each change to help you understand what was changed and why.
Volume 3
This volume matches the Anti-Money Laundering and Counter-Terrorism Financing Rules and Regulations with statements made about them in the various Explanatory Statements released by AUSTRAC. Amendments to the Rules are also shown as marked changes together with the relevant explanations for the changes.
Electronic links
One of the strengths of Integrated AML is its electronic links allowing easy reference to both explanatory material located in volumes 2 and 3 and direct access to cross-referenced AUSTRAC and other external material.
Order your copy today
Please complete and return the Integrated AML 2012 order form.