On 9 December, Regulation Asia reported that, in Australia, AUSTRAC has published a new guide for remittance service providers on developing an AML/CFT programme.  It is said that the intention of the guide is to support the identification, mitigation and management of the money laundering and terrorism financing risks remittance services businesses face.  It emphasises the need for remittance businesses to be able to identify changes in the risk environment, and to update their risk assessments accordingly.

The guide, along with new fact sheets on risk management, reporting, customer identification and other resources, is available at –

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at

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

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