Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Act 2020 (133 of 2020)

Schedule 1   Amendments

Part 5   Reports about cross-border movements of monetary instruments

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

102   After subsection 199(2)

Insert:

Officer may copy bearer negotiable instruments

(2AA) If a person produces to a police officer or a customs officer under paragraph (1)(f) or (2)(d):

(a) a bearer negotiable instrument; or

(b) a thing prescribed by the AML/CTF Rules for the purposes of paragraph (c) of the definition of monetary instrument in section 5 that is able to be copied;

the officer may make a copy of the instrument or thing. Once copied, the officer must return the instrument or thing to the person.