Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) This section applies if:
(a) a cash dealer is a party to a transaction; and
(b) the cash dealer has reasonable grounds to suspect that information that the cash dealer has concerning the transaction:
(i) may be relevant to the investigation of, or prosecution of a person for, an offence against the law of the Territory; or
(ii) may be of assistance in the enforcement of the Criminal Property Forfeiture Act ; and
(c) the cash dealer is not required to report the transaction under:
(i) Part II, Division 2 of the FTR Act; or
(ii) if the cash dealer is a reporting entity – Part 3, Division 2, 3 or 4 of the AMLCTF Act;
and whether or not the cash dealer is required to report the transaction under Part II, Division 1 of the FTR Act.
(2) The cash dealer must, as soon as practicable after forming the suspicion mentioned in subsection (1)(b), prepare a report of the transaction and communicate the information contained in it to the AUSTRAC CEO.
Maximum penalty: 85 penalty units or imprisonment for 2 years.
(3) The report must:
(a) be in the form approved by the AUSTRAC CEO for the purposes of section 41 of the AMLCTF Act; and
(b) contain the reportable details of the transaction; and
(c) contain a statement of the grounds on which the cash dealer holds the suspicion mentioned in subsection (1)(b); and
(d) be signed by the cash dealer.
(4) The communication to the AUSTRAC CEO of the information contained in the report must be made:
(a) by giving the AUSTRAC CEO a copy of the report; or
(b) in another way approved by the AUSTRAC CEO.