AMD is preparing to announce the first Australian AML compliance dates for 2017 in early January, with sales departments to be located in Adelaide, Melbourne and Perth.AMD’s AML and Trade Mark Program is a set of compliance measures that aims to ensure a high level of quality, safety and customer service.
AMD’s decision to announce Australia’s first sales departments was welcomed by the Australian Association of AML Compliance Officers (AAPO), which welcomed the move.
“The AAPO is delighted that the first sales department to be announced will be located at Adelaide, with its opening in March 2020,” AAPO spokesperson Tom Sneddon said.
“This will provide a safe environment for our customers and suppliers, and is in line with AMD’s commitment to making our products and products services in the industry as safe as possible.”
The Australian Government will not be making any new regulations to apply to AML in 2017.
In 2018, AMD is aiming to have its AML systems up and running by the end of 2020, and will make Australian hardware manufacturers compliant with the Australian Manufacturing Code by the beginning of 2021.
“Our AML programs are already a huge success and we are now working to build upon the success of our program in the UK, France and other countries to bring our systems into the Australian market,” Mr Snedden said.AMD also announced that it will be working with the Government of South Australia to increase the supply of its AMT products and services in SA.
We have been working closely with the SA Government to establish the AMT supply chain and to help develop our AML product certification scheme, and have also been engaged in discussions with industry stakeholders and suppliers to further support this development.
While there are no new AML regulations in the pipeline for the AML industry, AMD’s AMT compliance program is expected to be in place by the middle of the year.