Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024
18Paragraph 38(b)
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18 Paragraph 38(b)
Omit “carried out an applicable customer identification procedure”, substitute “complied with paragraph 28(3)(c) or (d)”.
19 Section 38
Omit “carried out the applicable customer identification procedure”, substitute “complied with paragraph 28(3)(c) or (d)”.
20 Subsection 39(6)
Omit “Division 6”, substitute “Divisions 3 and 4”.
21 Section 104 (paragraph (a))
Omit “applicable customer identification procedures it carries out or that it is taken to have carried out”, substitute “customer due diligence”.
22 Section 104 (paragraph (b))
Omit “applicable customer identification procedures”, substitute “the collection and verification of KYC information about a customer”.
23 Division 3 of Part 10 (heading)
Omit “the carrying out of identification procedures”, substitute “customer due diligence and other procedures”.