Commonwealth Consolidated Acts Commonwealth Consolidated ActsStandard anti - money laundering and counter - terrorism financing program
(1) To avoid doubt, AML/CTF Rules made for the purposes of paragraph 84(3)(b) may require that Part B of a standard anti - money laundering and counter - terrorism financing program must provide that, if:
(a) a customer of the reporting entity deals with the reporting entity in relation to the provision of a designated service through an agent of the customer; and
(b) the customer does so in circumstances specified in the AML/CTF Rules;
one or more elements of the applicable customer identification procedure for the customer must involve the taking of steps specified in the AML/CTF Rules in relation to the agent.
Joint anti - money laundering and counter - terrorism financing program
(2) To avoid doubt, AML/CTF Rules made for the purposes of paragraph 85(3)(b) may require that Part B of a joint anti - money laundering and counter - terrorism financing program must provide that, if:
(a) a customer of the reporting entity deals with the reporting entity in relation to the provision of a designated service through an agent of the customer; and
(b) the customer does so in circumstances specified in the AML/CTF Rules;
one or more elements of the applicable customer identification procedure for the customer must involve the taking of steps specified in the AML/CTF Rules in relation to the agent.
Special anti - money laundering and counter - terrorism financing program
(3) To avoid doubt, AML/CTF Rules made for the purposes of paragraph 86(1)(c) may require that a special anti - money laundering and counter - terrorism financing program must provide that, if:
(a) a customer of the reporting entity deals with the reporting entity in relation to the provision of a designated service through an agent of the customer; and
(b) the customer does so in circumstances specified in the AML/CTF Rules;
one or more elements of the applicable customer identification procedure for the customer must involve the taking of steps specified in the AML/CTF Rules in relation to the agent.