CTHIn ForceAct
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
120Simplified outline of this Part
Start here
Get a plain-English read of 120
Turn the raw legal text into a practical explanation grounded in Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
#### 120 Simplified outline of this Part
• Except as permitted by this Act, an AUSTRAC entrusted person must not access, make a record of, authorise access to, disclose or otherwise use AUSTRAC information.
• A reporting entity must not disclose:
(a) that the reporting entity has given, or is required to give, a report under subsection 41(2); or
(b) any information from which it could reasonably be inferred that the reporting entity has given, or is required to give, that report.
• Certain persons must not disclose information relating to the giving or production of certain reports, information or other documents.
• The AUSTRAC CEO may authorise officials of Commonwealth, State or Territory agencies to access AUSTRAC information for the purposes of performing the agency’s functions and duties and exercising the agency’s powers.
• In certain circumstances, AUSTRAC information may be disclosed to governments of foreign countries or to foreign agencies.
• There are restrictions on persons using or disclosing AUSTRAC information where the information was disclosed to the persons in contravention of this Part.