AUSTRAC has published guidance on its new compulsory examination powers, setting clear expectations for businesses and individuals about when and how the powers will be applied.
The new section 172A powers were introduced in 2025 with the passing of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (AML/CTF Amendment Act).
Section 172A notices require a person to attend an examination, answer questions and provide documents.
AUSTRAC publishes guidance on use of new compulsory examination powers
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