Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)
Schedule 8 Transfers of value and international value transfer services
Part 1 Transfers of value
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
17 Subsection 6(2) (table items 29 to 32)
Repeal the items, substitute:
|
29 |
in the capacity of ordering institution, accepting an instruction for the transfer of value on behalf of a payer |
the payer |
|
30 |
in the capacity of beneficiary institution, in relation to a transfer of value, making the transferred value available to a payee |
the payee |
|
31 |
in the capacity of intermediary institution, passing on a transfer message for a transfer of value in a value transfer chain to another intermediary institution or to the beneficiary institution |
the ordering institution or intermediary institution from which the transfer message is received (as the case may be) |
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