Anti-Money Laundering and Counter-Terrorism Financing Rules 2025
6‑43 Initial customer due diligence—serv6‑43 Initial customer due diligence—service provided in a foreign country
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6‑43 Initial customer due diligence—service provided in a foreign country
For the purposes of paragraph 28(6)(b) of the Act, a reporting entity is taken to have established on reasonable grounds each of the matters mentioned in subsection 28(2) in relation to a customer if: (a) a designated service is proposed to be provided by the reporting entity to the customer at or through a permanent establishment of the reporting entity in a foreign country; and (b) the reporting entity had, before 31 March 2026, complied with the laws of that country giving effect to the FATF Recommendations relating to customer due diligence and record‑keeping in relation to that customer.