House of Representatives
Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Bill 2019
Explanatory Memorandum
(Circulated by authority of the Minister for Home Affairs, the Honourable Peter Dutton MP)Explanatory Memorandum
| Acronym | Definition |
| ACIP | Applicable customer identification procedure |
| AFP | Australian Federal Police |
| AFP Act | Australian Federal Police Act 1979 |
| AML/CTF | Anti-money laundering and counter-terrorism financing |
| AML/CTF Act or the Act | Anti-Money Laundering and Counter-Terrorism Financing Act 2006 |
| AML/CTF amendment Act | Anti-Money Laundering and Counter Terrorism Financing and Other Legislation Amendment Act 2019 |
| AML/CTF Rules | Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) |
| APP | Australian Privacy Principle |
| AUSTRAC | Australian Transaction Reports and Analysis Centre |
| AUSTRAC CEO | Chief Executive Officer of the Australian Transaction Reports and Analysis Centre |
| BNI | Bearer Negotiable Instrument |
| CDPP | Commonwealth Director of Public Prosecutions |
| Criminal Code | Criminal Code Act 1995 |
| CDD | Customer Due Diligence |
| FATF | Financial Action Task Force |
| FTR Act | Financial Transaction Reports Act 1988 |
| MER | Mutual Evaluation Report |
| Privacy Act | Privacy Act 1988 |
| Statutory Review Report | Report on the Statutory Review of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and Associated Rules and Regulations |
| SMR | Suspicious Matter Report |