CTHIn ForceAct
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
45International value transfer services
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#### 45 International value transfer services
(1) A service is an international value transfer service if:
(a) the service is covered by item 29 or 30 of table 1 in section 6; and
(b) either:
(i) the value to be transferred is in Australia and, as a result of the provision of the service, the value will be in a foreign country; or
(ii) the value to be transferred is in a foreign country and, as a result of the provision of the service, the value will be in Australia.
(2) For the purposes of subsection (1), the AML/CTF Rules may specify the circumstances in which the value is in a country.