Anti-Money Laundering and Counter-Terrorism Financing Rules 2025
4‑10 Additional requirements for applica4‑10 Additional requirements for application by remittance network provider for registration of an affiliate
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4‑10 Additional requirements for application by remittance network provider for registration of an affiliate
If the application is by a registered remittance network provider, under subsection 75B(2) of the Act, for the candidate to be registered as a remittance affiliate of the registered remittance network provider, the application must contain the following information: (a) whether the provider has assessed the suitability of the candidate to be a remittance affiliate of the provider, taking into account the related risks of money laundering, financing of terrorism and proliferation financing that the provider may reasonably face if the candidate is registered as a remittance affiliate of the provider; (b) if such an assessment has been made—whether the candidate was found to be suitable; (c) whether the candidate has consented to the making of the application and, if so, information on when the consent was given.