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Draft AML/CTF Rules now open for consultation

7 March 2016

These draft amendments to Chapter 38 of the AML/CTF Rules (Sale of shares for charitable purposes) have increased the threshold for the disposal of parcels of shares from $500 to $10,000. It is considered that this threshold will encourage donations of higher monetary value while not increasing money-laundering and terrorism-financing risk.

A public consultation period is open from 7 March 2016 to 4 April 2016.

Access the draft amendments at the Draft AML/CTF Rules page.

Last modified: 07/03/2016 11:35