ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 28 Identification procedures for certain pre - commencement customers

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 28

Scope

  (1)   This section applies to the provision by a reporting entity of a designated service (the post - commencement designated service ) to a customer if, at a time before the commencement of this section, the reporting entity commenced to provide a designated service to the customer.

Exemption

  (2)   Sections   32 and 34 do not apply to the provision by the reporting entity of the post - commencement designated service to the customer.

Note:   For special rules about verification of identity etc., see section   29.

Interpretation

  (3)   For the purposes of this section, assume that Part   1 had been in force at all material times before the commencement of this section.