cover_20181116

2018-11-16

【Cross-Border Tax】

MONEY LAUNDERING: FATF re-rates Australia on Recommendations

The global Financial Action Task Force (FATF) has revisited its rating of Australia's anti-money laundering system, which has been in an enhanced follow-up process since the mutual evaluation in 2015 found several areas of weakness. Some aspects have improved to 'compliant' or 'largely compliant' status, but Australia will remain in enhanced follow-up because it remains non-compliant or partially compliant on 14 recommendations, including the Recommendation 10 regarding customer due diligence.

  Back to News