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Legislation Legislation Proceeds of Crime Regulations (Supervision and Enforcement) Amendment Act
Legislation Legislation Proceeds of Crime Regulations (Supervision and Enforcement) Amendment Act
Proceeds of Crime Regulations (Supervision and Enforcement) Amendment Act
Wednesday, 28 July 2010 | Written by Karen Skiffington | 
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The Proceeds of Crime Regulations (Supervision and Enforcement) Amendment Act 2010 sets up a joint Board of the Bar Association and the Institute of Chartered Accountants to further prevent money laundering and terrorist financing. This Board will regulate both accounting firms and law firms and will be given powers to monitor these professionals. The role of the Financial Intelligence Agency to include securing compliance with AML and ATFL by non-financial businesses and professions designated by the Minister.
Tabled: 9 July 2010
House: Passed 19 July 2010
Senate: Passed 2 August 2010
Assent: 9 August 2010
Operative: 25 August 2010
Last Updated (Thursday, 26 August 2010)