The financing of weapons-of-mass-destruction proliferation. The 2024 Amendment Act extended s.26C of the AML/CTF Act 2006 to require PF risk to be considered alongside money-laundering and terrorism-financing risks in a reporting entity's risk assessment. Practically, club venues address PF in the same risk-assessment document as ML/TF — the AUSTRAC-communicated risk information is the primary input for PF calibration.
This term sits in the AML/CTF section of the working glossary — vocabulary that recurs across the AUSTRAC reporting-entity regime, the AML/CTF Act 2006, and the AML/CTF Rules 2025.
The individual a reporting entity designates as its AML/CTF Compliance Officer under s.26J of the AML/CTF Act …
The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Commonwealth). Primary statute governing r…
The two-component document required by s.26B of the AML/CTF Act 2006: an ML/TF risk assessment (ss.26C–26E) pl…
The structured analysis of money-laundering, terrorism-financing and proliferation-financing risks a reporting…
The operational rules — required by s.26F of the AML/CTF Act 2006 — that translate a venue's risk assessment i…
The set of procedures used to identify and verify customers, assess their ML/TF risk, and monitor the relation…