AUSTRALIA: CHANGE TO THE AML/CFT CUSTOMER ID AND VERIFICATION RULE TO HELP PEOPLE EXPERIENCING FAMILY AND DOMESTIC VIOLENCE

Mirage News has reported that AUSTRAC has announced a change to the AML/CFT customer ID and verification rule to help people experiencing family and domestic violence – allowing banks and other regulated businesses can use alternative ways to verify their customer’s identity.

https://www.miragenews.com/new-rule-will-help-australians-fleeing-family-and-domestic-violence-gain-financial-independence/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017