Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017 [Provisions] / The Senate Legal and Constitutional Legislation Committee
- Bib ID:
- 7540483
- Format:
- Book
- Author:
- Australia. Parliament. Senate. Legal and Constitutional Legislation Committee
- Online Version:
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- Description:
-
- [Canberra] : Senate Legal and Constitutional Legislation Committee, [2017]
- ©2017
- vi, 22 pages ; 25 cm
- ISBN:
- 9781760106591
- Series:
- Australia. Parliament. Senate. Legal and Constitutional Affairs Legislation Committee. Report.
- Summary:
-
"Amends the: Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to: expand the objects of the Act to reflect the domestic objectives of anti-money laundering and counter-terrorism financing regulation; expand the scope of the Act to include regulation of digital currency exchange providers; clarify due diligence obligations relating to correspondent banking relationships and broadening the scope of these relationships; qualify the term 'in the course of carrying on a business'; allow related bodies corporate to share information; expand the range of regulatory offences for which the AUSTRAC Chief Executive Officer (CEO) is able to issue infringement notices; allow the CEO to issue a remedial direction to a reporting entity to retrospectively comply with an obligation that has been breached; give police and customs officers broader powers to search and seize physical currency and bearer negotiable instruments and establish civil penalties for failing to comply with questioning and search powers; revise certain definitions; and clarify certain powers and obligations of the CEO; and Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and Financial Transaction Reports Act 1988 to de-regulate the cash-in-transit sector, insurance intermediaries and general insurance providers." -- publisher's website.
- Notes:
-
- "October 2017"
- Chair: Ian Macdonald.
- Includes bibliographical references.
- Also available online. Address as at 15/1/18: https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Legal_and_Constitutional_Affairs/MoneyLaundering2017/Report
- Subject:
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- Terms of Use:
- This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Australia License. The details of this licence are available on the Creative Commons website: http://creativecommons.org/licenses/by-nc-nd/3.0/au/.
- Copyright Information:
- © Commonwealth of Australia 2017
- Copyright:
-
In Copyright
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- Reason for copyright status:
- Until 2067 [Created/Published Date + 50 Years]
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- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2017
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