1. Compliance
  2. Guidance library
  3. AML/CFT designated business group: scope guideline

AML/CFT designated business group: scope guideline

Page last updated: 14 Dec 2017

This guideline is designed to help reporting entities understand which obligations may be shared by members of a designated business group (DBG).

AML/CFT designated business group: scope guidelineEntities may form a DBG if they are eligible to do so under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act) and Regulations. Further information concerning eligibility and the election process, including how to notify the AML/CFT supervisor, is provided in the DBG Formation Guideline.