Publications / Financial Services
Managed investment schemes
The lodgement period for 2010 AML/CTF compliance reports closes on 31 March 2011. If you are a ‘reporting entity’ which provided ‘designated services’ during any part of 2010, you will be required to submit an AML/CTF compliance report to AUSTRAC.
AML/CTF compliance reports can be lodged online at www.austrac.gov.au. Civil penalties may apply for failure to lodge a compliance report by the due date.
Before you lodge your AML/CTF compliance report, you should review whether your AML/CTF program requires you to conduct an internal or external review of the reporting entity’s compliance with the AML/CTF Act, AML/CTF Rules and its AML/CTF program.
If an independent external review is required, McCullough Robertson are well placed to assist reporting entities with this process.
Financial advisers
The lodgement period for 2010 AML/CTF compliance reports closes on 31 March 2011. If you are a ‘reporting entity’ which provided ‘designated services’ during any part of last year, you will be required to submit an AML/CTF compliance report to AUSTRAC.
AML/CTF compliance reports can be lodged online at www.austrac.gov.au.
Focus covers legal and technical issues in a general way. It is not designed to express opinions on specific cases. Focus is intended for information purposes only and should not be regarded as legal advice. Further advice should be obtained before taking action on any issue dealt with in this publication. If you would prefer not to receive further.
