Real estate agents are automatically exempt from AML/CTF compliance.
Which of the following is NOT a requirement for AML/CTF compliance?
What is the main purpose of the AML/CTF Act?
AUSTRAC is responsible for enforcing criminal penalties for AML/CTF violations.
Which of these transactions requires a Threshold Transaction Report (TTR)?
Real estate professionals providing financial transaction advice may fall under AML/CTF obligations.
What is a Suspicious Matter Report (SMR)?
Enrolling with AUSTRAC is optional for real estate professionals providing designated services.
When does Tranche 2 compliance begin?
FATF's grey-listing has no impact on Australia’s financial sector.
