Commonwealth Numbered Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 (NO. 169, 2006) - SECT 91

Standard 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, if:

                     (a)  a designated service is provided to a customer specified in the AML/CTF Rules; or

                     (b)  a designated service is provided to a customer in circumstances specified in the AML/CTF Rules;

Part B of a standard anti‑money laundering and counter‑terrorism financing program must provide that one or more elements of the applicable customer identification procedure for the customer must involve the reporting entity obtaining a certificate, to be known as a disclosure certificate , from:

                     (c)  the customer; or

                     (d)  person who is:

                              (i)  associated with the customer; and

                             (ii)  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, if:

                     (a)  a designated service is provided to a customer specified in the AML/CTF Rules; or

                     (b)  a designated service is provided to a customer in circumstances specified in the AML/CTF Rules;

Part B of a joint anti‑money laundering and counter‑terrorism financing program must provide that one or more elements of the applicable customer identification procedure for the customer must involve the reporting entity obtaining a certificate, to be known as a disclosure certificate , from:

                     (c)  the customer; or

                     (d)  person who is:

                              (i)  associated with the customer; and

                             (ii)  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, if:

                     (a)  a designated service is provided to a customer specified in the AML/CTF Rules; or

                     (b)  a designated service is provided to a customer in circumstances specified in the AML/CTF Rules;

a special anti‑money laundering and counter‑terrorism financing program must provide that one or more elements of the applicable customer identification procedure for the customer must involve the reporting entity obtaining a certificate, to be known as a disclosure certificate , from:

                     (c)  the customer; or

                     (d)  person who is:

                              (i)  associated with the customer; and

                             (ii)  specified in the AML/CTF Rules.

Note:          For specification by class, see subsection 13(3) of the Legislative Instruments Act 2003 .