Chapter 2 - Designated services

Contents


Introduction

The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) imposes obligations on entities that provide 'designated services'. Entities that provide one or more designated services under the AML/CTF Act are 'reporting entities'.

This section provides guidance on the key terms and concepts relevant to determining whether the services provided by a business are captured under the AML/CTF Act.

The information contained in the chapter is not exhaustive and is not a substitute for legal advice. If businesses are uncertain whether their activities meet the definition of a particular designated service, AUSTRAC recommends they obtain independent advice.

Key concepts

Definitions and examples of common designated services

Further information

Last modified: 24/11/2014 13:02