Anti-Money Laundering and Counter-Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006 (170 of 2006)

Schedule 1   Amendments

Part 1   Amendments

Proceeds of Crime Act 2002

157   Section 338 (after paragraph (e) of the definition of serious offence )

Insert:

(ea) an offence against any of the following sections of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 involving a transaction of at least $50,000 in value:

(i) section 53 (reports about movements of physical currency into or out of Australia);

(ii) section 59 (reports about movements of bearer negotiable instruments into or out of Australia);

(iii) section 136 (false or misleading information);

(iv) section 137 (false or misleading documents); or

(eb) an offence against any of the following sections of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006:

(i) section 139 (providing a designated service using a false customer name or customer anonymity);

(ii) section 140 (receiving a designated service using a false customer name or customer anonymity);

(iii) section 141 (non-disclosure of other name by which customer is commonly known);

if:

(iv) the customer concerned had an account in relation to the provision of the designated service concerned; and

(v) transactions on the account total at least $50,000 in value during any 6 month period beginning after the commencement of Part 12 of that Act; or

(ec) an offence against either of the following sections of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006:

(i) section 142 (conducting transactions so as to avoid reporting requirements relating to threshold transactions);

(ii) section 143 (conducting transfers so as to avoid reporting requirements relating to cross-border movements of physical currency);

if transactions in breach of that section by the person committing the offence total at least $50,000 in value during any 6 month period; or