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

Schedule 8   Transfers of value and international value transfer services

Part 2   International value transfer services

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

39   Before section 49

Insert:

48A Amending or withdrawing reports

(1) The AML/CTF Rules may make provision in relation to the amendment or withdrawal of a report given under section 41, 43, 46 or 46A.

(2) Without limiting subsection (1), the AML/CTF Rules may deal with the following:

(a) timeframes within which requests to amend or withdraw a report may or must be made;

(b) timeframes within which a report must be amended or withdrawn if a request is accepted;

(c) the process for making and deciding requests to amend or withdraw a report;

(d) the consequences for amending or withdrawing a report.