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
49 Section 234
After:
• In proceedings for a contravention of this Act or the regulations, it is a defence if the defendant proves that the defendant took reasonable precautions, and exercised due diligence, to avoid the contravention.
insert:
• There is a defence to a contravention of certain civil penalty provisions relating to the law of a foreign country preventing compliance.
• Provision is made in relation to how this Act applies to reporting groups.
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