AML/CTF Rules 2025 (Australia)
Part 5 Divisions 1 to 6: ML/TF risk assessment, AML/CTF policies, governance and compliance management – AML/CTF Rules 2025 (Australia)

AML/CTF Rules 2025 (Australia) R5-2: CDD policies must say when KYC information, including source of wealth and funds, is collected or also verified

For each kind of KYC information, the AML/CTF policies must state when the entity only gathers it and when it also checks it, both at onboarding and when further information is gathered during ongoing due diligence, and in both cases when origin of wealth and origin of funds information is gathered or checked.

Maintained by Gerard Blokdyk

Other controls in Part 5 Divisions 1 to 6: ML/TF risk assessment, AML/CTF policies, governance and compliance management – AML/CTF Rules 2025 (Australia)

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