Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Act 2020 (133 of 2020)
Schedule 1 Amendments
Part 1 Identification procedures
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
4 At the end of subsection 37(1)
Add:
Note: The reporting entity (and not its agent) will be liable to civil penalties for contraventions of this Part for providing designated services to its customers without carrying out the applicable customer identification procedures in respect of its customers.
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