Commonwealth Consolidated Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 35C

  (1)   This section applies if:

  (a)   a reporting entity makes a verification request in relation to an individual; and

  (b)   an assessment is provided in relation to the individual; and

  (c)   the reporting entity is unable to verify the identity of the individual, having regard to the assessment.

  (2)   The reporting entity must give a written notice to the individual:

  (a)   stating that the reporting entity is unable to verify the identity of the individual having regard to the assessment; and

  (b)   specifying the name of the credit reporting body that provided the assessment; and

  (c)   offering the individual an alternative means of verifying the identity of the individual.