Commonwealth Numbered Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 (NO. 169, 2006) - SECT 38

                   If:

                     (a)  a reporting entity carried out the applicable customer identification procedure in respect of a particular customer to whom the reporting entity provided, or proposed to provide, a designated service; and

                     (b)  the applicable customer identification procedure was carried out in such circumstances as are specified in the AML/CTF Rules; and

                     (c)  the customer is or becomes a customer to whom another reporting entity provides, or proposes to provide, a designated service; and

                     (d)  such other conditions set out in the AML/CTF Rules are satisfied;

this Act (other than Part 10) has effect as if the applicable customer identification procedure had also been carried out in respect of the customer by the other reporting entity.