Financial Transaction Reports Act 1988

PART III - ACCOUNTS  

SECTION 22   NOTICE TO AUSTRAC CEO IF NO PRIMARY IDENTIFICATION DOCUMENT EXAMINED  

22(1)    

If an identification reference for a signatory to an account is given to a cash dealer for the purposes of compliance with this Part and the reference states that the referee examined only a secondary identification document for the signatory, the cash dealer must give the AUSTRAC CEO written notice:

(a) (Omitted by No 164 of 1992)

(b) (Omitted by No 164 of 1992)

(c) setting out sufficient details of the account for the account to be identified;

(d) setting out the name used by the signatory in relation to the account; and

(e) stating that the identification reference for the signatory was not supported by a primary identification document.

22(2)    

A cash dealer who contravenes subsection (1) commits an offence against this subsection punishable, upon conviction, by imprisonment for a period of not more than 2 years.

Note:

Subsection 4B(2) of the Crimes Act 1914 allows a court to impose in respect of an offence an appropriate fine instead of, or in addition to, a term of imprisonment. The maximum fine that a court can impose on an individual is worked out by multiplying the maximum term of imprisonment (in months) by 5, and then multiplying the resulting number by the amount of a penalty unit. The amount of a penalty unit is stated in section 4AA of that Act. If a body corporate is convicted of an offence, subsection 4B(3) of that Act allows a court to impose a fine that is not greater than 5 times the maximum fine that could be imposed by the court on an individual convicted of the same offence.