Anti-Money Laundering and Counter-Terrorism Financing Act 2006
26LAML/CTF compliance officer’s functions
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26L AML/CTF compliance officer’s functions
The functions of the AML/CTF compliance officer for a reporting entity are: (a) to oversee and coordinate the reporting entity’s day‑to‑day compliance with this Act, the regulations and the AML/CTF Rules; and (b) to oversee and coordinate the effective operation of and compliance with the reporting entity’s AML/CTF policies; and (c) to communicate, on behalf of the reporting entity, with AUSTRAC; and (d) to do anything incidental to or conducive to the performance of any of the above functions; and (e) any other functions specified in the AML/CTF Rules.