Regulatory Alerts2008-01-01
Proceeds of Crime (Business in the Regulated Sector) (Amendment) Order 2024
The Department of Home Affairs issued this Order to substitute Schedule 4 of the Proceeds of Crime Act 2008 with updated provisions defining the regulated sector and supervisory authorities. The new Schedule introduces the Travel Rule (Transfer of Virtual Assets) Code 2024 and amends definitions for entities such as virtual asset service providers and specified non-profit organisations. It also clarifies exemptions for various business activities and lists the professional bodies responsible for supervision under the anti-money laundering framework.
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