Anti-Money Laundering and Counter-Terrorism Financing Act 2006
26NAML/CTF program documentation
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26N AML/CTF program documentation
(1) A reporting entity must document the following, within the period (if any) specified in the AML/CTF Rules: (a) its AML/CTF program; (b) any other matter relating to the AML/CTF program of the reporting entity specified in the AML/CTF Rules. (2) A reporting entity must comply with subsection (1). (3) Subsection (2) is a civil penalty provision. (4) If a reporting entity is the responsible entity of a registered scheme (within the meaning of the Corporations Act 2001), the reporting entity’s AML/CTF program may be documented in the same document as the registered scheme’s compliance plan under that Act.