Financial Transaction Reports Act 1993
7AFurther information about suspect transactions not reported under FTR Act or AMLCTF Act
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7A Further information about suspect transactions not reported under FTR Act or AMLCTF Act
[Section 7A Inserted by No. 61 of 2013, s. 9, Applied:01 Mar 2014]
(1) This section applies if a cash dealer communicates information to the AUSTRAC CEO under section 7(2) .
(2) A designated authority may request the cash dealer to give to the designated authority the further information stated in the request.
(3) The further information must be information that –
(a) may be relevant to the investigation of, or prosecution of a person for, an offence against the law of the State; or
(b) may be of assistance in the enforcement of the Crime (Confiscation of Profits) Act 1993 .
(4) The cash dealer must comply with the request to the extent that the cash dealer has the further information.
Penalty: Fine not exceeding 400 penalty units or imprisonment for a term not exceeding 2 years, or both.