Anti-Money Laundering and Counter-Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006 (170 of 2006)
Schedule 1 Amendments
Part 1 Amendments
Financial Transaction Reports Act 1988
85 After subsection 16(4)
Insert:
(4A) Subsections (1) and (1A) do not impose any obligations on a cash dealer in relation to a transaction if:
(a) the cash dealer is a reporting entity; and
(b) the transaction occurs after the commencement of Division 1 of Part 3 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006; and
(c) the transaction is a designated service transaction.
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