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

Schedule 8   Transfers of value and international value transfer services

Part 1   Transfers of value

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

14   Section 5

Insert:

transfer message , for a transfer of value, means a message that contains information relating to the content of the payer's instruction for the transfer of value, but does not include a message of a kind specified in the AML/CTF Rules.

transfer of value means a transfer of money, virtual assets or property, but does not include:

(a) a transfer of physical currency or other tangible property; or

(b) a transfer of a kind specified in the AML/CTF Rules.