Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)
Schedule 10 Exemptions
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
8 At the end of section 44 (after the note)
Add:
(7) Section 43 does not apply to a designated service that is:
(a) provided by a reporting entity that is an ADI; and
(b) provided to a customer that is an ADI.
(8) Section 43 does not apply to a designated service that is:
(a) provided by a reporting entity that is the holder of an exchange settlement account; and
(b) provided to a customer that is the holder of an exchange settlement account; and
(c) provided using the exchange settlement accounts held by the reporting entity and the customer.
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