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

Schedule 1   AML/CTF programs and business groups

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

3   Section 5

Insert:

AML/CTF compliance officer for a reporting entity means the individual designated as the AML/CTF compliance officer for the reporting entity under subsection 26J(1).

AML/CTF policies of a reporting entity:

(a) means the policies, procedures, systems and controls of the reporting entity developed under section 26F; and

(b) if the policies, procedures, systems and controls of the reporting entity are updated - includes the policies, procedures, systems and controls as updated.

AML/CTF program : see section 26B.