9Section 5 (definition of joint anti‑money laundering and counter‑terrorism financing program)

9  Section 5 (definition of joint anti‑money laundering and counter‑terrorism financing program)

lead entity of a reporting group: see subsection 10A(5).

member of a reporting group or a business group: see subsection 10A(4).

ML/TF risk assessment of a reporting entity:

 (a) means the risk assessment undertaken by the reporting entity under section 26C; and

 (b) if the assessment is updated under section 26D—includes the risk assessment as updated.