*       A reporting entity must have and comply with an anti‑money laundering and counter‑terrorism financing program.

*       An anti‑money laundering and counter‑terrorism financing program is divided into Part A (general) and Part B (customer identification).

*       Part A of an anti‑money laundering and counter‑terrorism financing program is designed to identify, mitigate and manage the risk a reporting entity may reasonably face that the provision by the reporting entity of designated services at or through a permanent establishment of the entity in Australia might (whether inadvertently or otherwise) involve or facilitate:

               (a)     money laundering; or

               (b)     financing of terrorism.

*       Part B of an anti‑money laundering and counter‑terrorism financing program sets out the applicable customer identification procedures for customers of the reporting entity.