House of Representatives
Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017
Explanatory Memorandum
(Circulated by authority of the Minister for Justice, the Hon Michael Keenan MP)ACRONYMS
| AML/CTF | Anti-money laundering and counter-terrorism financing |
| AML/CTF Act | Anti-Money Laundering and Counter-Terrorism Financing Act 2006 |
| AML/CTF Rules | Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) |
| APP | Australian Privacy Principles |
| AUSTRAC | Australian Transaction Reports and Analysis Centre |
| AUSTRAC CEO | Chief Executive Officer of the Australian Transaction Reports and Analysis Centre |
| BNI | Bearer negotiable instrument |
| DBG | Designated business group |
| FATF | Financial Action Task Force |
| FTR Act | Financial Transaction Reports Act 1988 |
| ICCPR | International Covenant on Civil and Political Rights |
| ML | Money laundering |
| SVC | Stored value card |
| TF | Terrorism financing |