Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)

Schedule 1 AML/CTF programs and business groups

Insert:

lead entity of a reporting group: see subsection 10A(5).

member of a reporting group or a business group: see subsection 10A(4).

ML/TF risk assessment of a reporting entity:

(a) means the risk assessment undertaken by the reporting entity under section 26C; and

(b) if the assessment is updated under section 26D - includes the risk assessment as updated.