Commonwealth Numbered Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 (NO. 169, 2006) - SECT 81

             (1)  A reporting entity must not commence to provide a designated service to a customer if the reporting entity:

                     (a)  has not adopted; and

                     (b)  does not maintain;

an anti‑money laundering and counter‑terrorism financing program that applies to the reporting entity.

Civil penalty

             (2)  Subsection (1) is a civil penalty provision.