Financial Transaction Reports Act 1988
A cash dealer commits an offence against this section if the dealer, in communicating information to the AUSTRAC CEO in relation to a transaction as required under Part II , knows that the information is incomplete in relation to the transaction.
View history note
Hide history noteA financial institution commits an offence against this section if the institution, in maintaining the institution ' s exemption register as required under Division 1 of Part II , knows that the register is incomplete.
A person commits an offence against this section if the person, in communicating information to the AUSTRAC CEO in relation to a transaction as required under section 15A , knows that the information is incomplete in relation to the transaction.
A person who commits an offence against this section is punishable, upon conviction, by a fine of not more than 10 penalty units.
Note:
If a body corporate is convicted of an offence, subsection 4B(3) of the Crimes Act 1914 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. The amount of a penalty unit is stated in section 4AA of that Act.
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