Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)
Schedule 1 AML/CTF programs and business groups
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
10 Section 5
Insert:
lead entity of a reporting group: see subsection 10A(5).
member of a reporting group or a business group: see subsection 10A(4).
ML/TF risk assessment of a reporting entity:
(a) means the risk assessment undertaken by the reporting entity under section 26C; and
(b) if the assessment is updated under section 26D - includes the risk assessment as updated.
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