AML/CTF stands for the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006 and it is an important piece of Australian government legislation. As a country, Australia generally employs strict standards for fighting against organised financial crime and as a result, international money transfers must adhere to the obligations outlined in the AML/CTF Act. To learn more about AUSTRAC and other important government legislation you can visit this page on their website.