Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024
10Subsection 37(1)
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10 Subsection 37(1)
Omit “the carrying out by a reporting entity of an applicable customer identification procedure or an identity verification procedure”, substitute “a reporting entity complying with paragraphs 28(3)(c) and (d)”.
11 Subsection 37(1) (note)
Omit “carrying out the applicable customer identification procedures”, substitute “complying with paragraphs 28(3)(c) and (d)”.
12 Subsection 37(2)
Omit “carrying out applicable customer identification procedures or identity verification procedures”, substitute “complying with paragraphs 28(3)(c) and (d)”.
13 Subsection 37(3)
Omit “carrying out the applicable customer identification procedure or an identity verification procedure”, substitute “complying with paragraphs 28(3)(c) and (d)”.
14 Section 37A (heading)
Omit “applicable customer identification procedures”, substitute “collection and verification of KYC information”.
15 Paragraph 37A(1)(a)
Omit “applicable customer identification procedures”, substitute “the collection and verification of KYC information relating to a customer in accordance with paragraphs 28(3)(c) and (d)”.