Crimes Legislation Amendment (Serious and Organised Crime) Act (No. 2) 2010 (4 of 2010)

Schedule 5   Money laundering

Part 2   Anti-Money Laundering and Counter-Terrorism Financing Act 2006

30   Paragraphs 10(1)(a) and (b)

Repeal the paragraphs, substitute:

(a) at least one of the persons described in the following subparagraphs is a non-financier:

(i) a person who accepts an instruction from the transferor entity for the transfer of money or property under the remittance arrangement;

(ii) a person who makes money or property available, or arranges for it to be made available, to an ultimate transferee entity as a result of a transfer under the remittance arrangement; and