9‑10 Reporting obligations of registered9‑10 Reporting obligations of registered remittance affiliates

9‑10 Reporting obligations of registered remittance affiliates

(1) This section is made for the purposes of section 49A of the Act. Reports of suspicious matters (2) An obligation imposed by subsection 41(2) of the Act (which deals with reports of suspicious matters) upon a registered remittance affiliate of a registered remittance network provider to give a report may be discharged by the network provider if there is a written agreement between the affiliate and the network provider that provides for the network provider to do so. Reports of threshold transactions or international funds transfer instructions (3) An obligation imposed by subsection 43(2) of the Act (which deals with reports of threshold transaction) or subsection 46(2) of the Act (which deals with reports of international funds transfer instructions) upon a registered remittance affiliate of a registered remittance network provider to give a report is taken instead to be an obligation imposed on the network provider.