Anti-Money Laundering and Counter-Terrorism Financing Act 2006
17Bearer negotiable instruments
Start here
Get a plain-English read of 17
Turn the raw legal text into a practical explanation grounded in Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
17 Bearer negotiable instruments
(1) For the purposes of this Act, a bearer negotiable instrument is: (a) a bill of exchange; or (b) a cheque; or (c) a promissory note; or (d) a bearer bond; or (e) a traveller’s cheque; or (f) a money order, postal order or similar order; or (g) a negotiable instrument not covered by any of the above paragraphs. Incomplete documents (2) For the purposes of determining whether a document is covered by paragraph (1)(f) or (g), it is immaterial that the document is incomplete because the document does not specify: (a) an amount to be paid; or (b) a payee.