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

12   Section 5

Insert:

registrable remittance service means a designated service that:

(a) is covered by item 29 or 30 of table 1 in section 6; and

(b) is provided by a person (other than a financial institution or casino) at or through a permanent establishment of the person in Australia; and

(c) does not involve a transfer of virtual assets; and

(d) is not of a kind specified in the AML/CTF Rules.