AUSTRAC has released draft AML/CTF Rules relating to customers which are custodians for public consultation.
Draft Rules relating to custodians
These amendments exempt reporting entities from certain identification requirements in Chapter 4 and Chapter 15 of the AML/CTF Rules for corporate customers who are ‘custodians’.
A public consultation period is open from 3 April to 1 May 2017.
The draft Rules are available on the AUSTRAC website.
Source: The Commonwealth of Australia