Commonwealth Numbered Acts Commonwealth Numbered ActsStandard anti‑money laundering and counter‑terrorism financing program
(1) To avoid doubt, AML/CTF Rules made for the purposes of paragraph 84(3)(b) may require that Part B of a standard anti‑money laundering and counter‑terrorism financing program must provide that, if a customer of the reporting entity is:
(a) a company; or
(b) a trust; or
(c) a partnership; or
(d) a corporation sole; or
(e) a body politic;
one or more elements of the applicable customer identification procedure for the customer must involve the taking of steps specified in the AML/CTF Rules in relation to a person who is:
(f) associated with the customer; and
(g) specified in the AML/CTF Rules.
Note: For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003 .
Joint anti‑money laundering and counter‑terrorism financing program
(2) To avoid doubt, AML/CTF Rules made for the purposes of paragraph 85(3)(b) may require that Part B of a joint anti‑money laundering and counter‑terrorism financing program must provide that, if a customer of the reporting entity is:
(a) a company; or
(b) a trust; or
(c) a partnership; or
(d) a corporation sole; or
(e) a body politic;
one or more elements of the applicable customer identification procedure for the customer must involve the taking of steps specified in the AML/CTF Rules in relation to a person who is:
(f) associated with the customer; and
(g) specified in the AML/CTF Rules.
Note: For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003 .
Special anti‑money laundering and counter‑terrorism financing program
(3) To avoid doubt, AML/CTF Rules made for the purposes of paragraph 86(1)(c) may require that a special anti‑money laundering and counter‑terrorism financing program must provide that, if a customer of the reporting entity is:
(a) a company; or
(b) a trust; or
(c) a partnership; or
(d) a corporation sole; or
(e) a body politic;
one or more elements of the applicable customer identification procedure for the customer must involve the taking of steps specified in the AML/CTF Rules in relation to a person who is:
(f) associated with the customer; and
(g) specified in the AML/CTF Rules.
Note: For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003 .