Workspaces / Demonstration library / A05
AUSTRAC, Responding to Enhanced CDD Findings
File corpus.json
Type external reference
Classification internal
Department compliance
Permitted roles analyst, manager, executive, admin
Version 1.0 (effective 2026-01-01)
Owner Regulator publication (paraphrased reference)
Status active
SHA-256 85eeed084c69f402350c5084ffe75b0a2ef6e6ce0e12461a3bda0209ef26805a
Uploaded 2026-10-31T06:37:16+00:00
Chunks (1)
Each chunk is a citable unit. Answers cite the chunk id.
[A05]
The supplied AUSTRAC material expects AML/CTF policies to set out how enhanced CDD findings are handled. This includes processes to manage and mitigate identified ML/TF risks; escalation for further consideration; actions where enhanced measures cannot manage and mitigate the risks; processes for submitting an SMR when required, including where an SMR may need to be submitted before ECDD is finished; and consideration of whether to continue designated services or end the business relationship. Businesses may continue providing designated services to customers requiring enhanced CDD only where AML/CTF policies appropriately manage and mitigate the associated ML/TF risk.
Answers come only from the governed library and are decision support, not legal advice. Verify regulatory content against the regulator's current publication.