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

Schedule 10   Exemptions

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

8   At the end of section 44 (after the note)

Add:

(7) Section 43 does not apply to a designated service that is:

(a) provided by a reporting entity that is an ADI; and

(b) provided to a customer that is an ADI.

(8) Section 43 does not apply to a designated service that is:

(a) provided by a reporting entity that is the holder of an exchange settlement account; and

(b) provided to a customer that is the holder of an exchange settlement account; and

(c) provided using the exchange settlement accounts held by the reporting entity and the customer.