26LAML/CTF compliance officer’s functions

26L  AML/CTF compliance officer’s functions

  The functions of the AML/CTF compliance officer for a reporting entity are:

 (a) to oversee and coordinate the reporting entity’s day‑to‑day compliance with this Act, the regulations and the AML/CTF Rules; and

 (b) to oversee and coordinate the effective operation of and compliance with the reporting entity’s AML/CTF policies; and

 (c) to communicate, on behalf of the reporting entity, with AUSTRAC; and

 (d) to do anything incidental to or conducive to the performance of any of the above functions; and

 (e) any other functions specified in the AML/CTF Rules.