Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Act 2020 (133 of 2020)
Schedule 1 Amendments
Part 3 Tipping-off offence
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
19 Subsections 123(1), (2) and (3)
Repeal the subsections, substitute:
Prohibitions
(1) A reporting entity must not disclose to a person other than an AUSTRAC entrusted person:
(a) that the reporting entity has given, or is required to give, a report under subsection 41(2); or
(b) any information from which it could reasonably be inferred that the reporting entity has given, or is required to give, that report.
(2) If:
(a) a reporting entity gives a report to the AUSTRAC CEO under section 41, 43 or 45; and
(b) in connection with that report, the reporting entity (the recipient ) or another person (also the recipient ) is required by a notice under subsection 49(1) to give information or produce a document;
the recipient must not disclose to a person (except an AUSTRAC entrusted person, the person who gave the notice or any other person who has given a notice to the recipient under subsection 49(1) in connection with that report):
(c) that the recipient is or has been required by a notice under subsection 49(1) to give information or produce a document; or
(d) that the information has been given or the document has been produced; or
(e) any information from which it could reasonably be inferred that:
(i) the recipient had been required under subsection 49(1) to give information or produce a document; or
(ii) the information had been given under subsection 49(1); or
(iii) the document had been produced under subsection 49(1).