Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)
Schedule 2 Customer due diligence
Part 1 Main amendments
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
3 Section 4
Omit:
• Certain low-risk services are subject to modified identification procedures.
substitute:
• Simplified customer due diligence may be undertaken in certain low risk circumstances as part of initial and ongoing customer due diligence.
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