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AML/CTF
Anti-Money Laundering / Counter-Terrorism Financing
In 2006 the Federal Government enacted the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act). The purpose of this legislation is to enable Australia's financial sector to detect and prevent money laundering and terrorism financing by meeting the needs of law enforcement agencies, to maintain international business relationships and to align Australia with international standards.
Why does this legislation affect us?
We are a 'reporting entity' pursuant to the AML/CTF Act and as such must meet stringent investor identification and verification requirements using a risk based approach. This means that prior to issuing units in a Managed Fund or opening a new account in the Money Market products, we must be satisfied that you are who you claim to be.
What will we do with the information you give to us?
We will maintain all information collected from investors in a secure manner in accordance with the AML/CTF Act and relevant privacy principles. We will only disclose information about you where we reasonably consider that it is required to do so by the laws of Australia. This means that your identification information may be disclosed to government or law enforcement agencies. We may also disclose this information to other entities involved with the Managed Funds or Money Market products to the extent that this information is required to fulfil that entity's anti-money laundering obligations.
What do you need to do?
If you intend on lodging an application or opening an account you need to follow the steps below:
For MONEY MARKET products CLICK HERE
For MANAGED FUNDS products CLICK HERE