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Written notices

Subsection 162(2) notice - external audits - compliance

Under subsection 162(2), Part 13 Division 7 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), the AUSTRAC Chief Executive Officer (CEO) may, by written notice, require a reporting entity to:

  • appoint an external auditor; and
  • arrange for the external auditor to carry out an external audit of whichever of the following is specified in the notice:
    • the reporting entity's compliance with the AML/CTF Act, the regulations and the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) (AML/CTF Rules);
    • one or more specified aspects of the reporting entity's compliance with the AML/CTF Act, the regulations and the AML/CTF Rules; and
  • arrange for the external auditor to give the reporting entity a written report (audit report) setting out the results of the audit; and
  • give the AUSTRAC CEO a copy of the audit report.

Before the AUSTRAC CEO can exercise the power to require a reporting entity to appoint an external auditor under subsection 162(2) of the AML/CTF Act, there must be reasonable grounds to suspect that the reporting entity has contravened, is contravening, or is proposing to contravene the AML/CTF Act, the regulations or the AML/CTF Rules.

By publishing copies of written notices requiring an external audit, AUSTRAC remains transparent and accountable in its decision making.

Date Entity Subsection 162(2) notice
2 June 2010 George Thomas Hotels

George Thomas Hotels Pty Ltd. (PDF, 58KB)

Argos Investments Pty Ltd. (PDF, 54KB)

George Thomas Hotels (Bradbury) Pty Ltd.(PDF, 59KB)

George Thomas Hotels (Campsie) Pty Ltd. (PDF, 60KB)

George Thomas Hotels (Hurstville) Pty Ltd. (PDF, 60KB)

George Thomas Hotels (Madison) Pty Ltd. (PDF, 58KB)

George Thomas Hotels (QLD) Pty Ltd. (PDF, 58KB)

26 June 2012 A2Z Communication A2Z Communication Pty Limited (PDF, 61KB)
18 May 2015 Canberra Southern Cross Club Ltd

Canberra Southern Cross Club Ltd (Word, 34KB)

Canberra Southern Cross Club Ltd (PDF, 15KB)


NOTE: This page of the AUSTRAC website contains links to documents that are currently only available to download in a Portable Document Format (PDF). For more information on requesting an alternative format please visit the accessibility page of the AUSTRAC website.


 

Last modified: 20/12/2018 11:30