Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)

Schedule 4   Legal professional privilege

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

5   After paragraph 41(2)(a)

Insert:

(aa) if:

(i) paragraph (1)(d), (e), (f), (i) or (j) applies; and

(ii) the reporting entity reasonably believes that some (but not all) of the information required to be contained in the report may be privileged from being given on the ground of legal professional privilege; and

(iii) the privilege, if it exists, belongs to a person other than the reporting entity;

5 business days after the day on which the reporting entity forms the relevant suspicion; or