Commonwealth Consolidated Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 30

Scope

             (1)  This section applies to the provision by a reporting entity of a designated service to a customer if, under the AML/CTF Rules, the service is taken to be a low‑risk designated service.

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

Note:          For special rules about verification of identity etc., see section 31.