Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (110 of 2024)
Schedule 8 Transfers of value and international value transfer services
Part 2 International value transfer services
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
37 Section 40
Omit:
· If a person sends or receives an international funds transfer instruction, the person must give the AUSTRAC CEO a report about the instruction.
substitute:
· If a person provides an international value transfer service, the person must give the AUSTRAC CEO a report about the provision of the service.
· If a person provides a designated service involving a transfer of virtual assets to or from an unverified self-hosted virtual asset wallet, the person must give the AUSTRAC CEO a report about the provision of the service.
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