Anti-Money Laundering update Back |
 The series of Education and Awareness sessions jointly organised by SDIA and AUSTRAC were delivered to SDIA members in mid-June. Sessions were delivered in each of the major capital cities, and positive feedback from participants was received.
A further series of presentations will be delivered later in the year dealing with the next tranche of changes to the Anti-Money Laundering and Counter-Terrorist Financing Act due to come into effect in December 2008. Members should look out for details later this year.
One issue of particular note mentioned by AUSTRAC at the presentations was that on their calculations, 81% of SDIA Member organizations had lodged a Compliance Report with AUSTRAC as required under the AML/CTF Act by the due date of 31 March 2008. Conversely, on those calculations, 19% of Members had not lodged a Report.
If anyone has any queries regarding the Compliance Report obligation, or any other issues regarding the AML/CTF Act, please contact Peter Stepek, SDIA Policy Executive at pstepek@sdia.org.au. |
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