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Proposed amendments to Chapter 38 of the AML/CTF Rules

4 July 2018

The proposed amendment removes the requirement for distribution of the proceeds of the sale of security to occur in the same financial year that they are received by the ancillary fund. These amendments ensure that the requirements under the AML/CTF Rules are consistent with the Public Ancillary Fund Guidelines issued under the Taxation Administration Act 1953.

A public consultation period is open from 3 July 2018 to 31 July 2018.

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

Last modified: 04/07/2018 12:29