Money laundering and terrorism financing are crimes that do not recognise borders, and public practitioners will soon be asked to play a part in deterring these crimes.
The government is committed to extending, through a second tranche of law, the Anti-Money Laundering / Counter-Terrorism Act 2006 (AML) to cover the services that accountants in practice offer. A draft of this second tranche is expected in the second half of this year.
When the second tranche becomes law, public practitioners will most likely be required to implement a number of processes in their businesses.
CPA Australia is committed to consulting members on the second tranche, and providing services and information - including the audio file below - to members about AML.
To find out more about the current AML legislation and what to expect next, listen to the AML audio file.
Clicking on the link will download the file, and depending on your computer setup, the content should playback. Alternatively, to save this file right click on the link and select 'Save as' or 'Save target as'...
