Commonwealth Consolidated Acts

ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING ACT 2006 - SECT 81

  (1)   A reporting entity must not commence to provide a designated service to a customer if the reporting entity:

  (a)   has not adopted; and

  (b)   does not maintain;

an anti - money laundering and counter - terrorism financing program that applies to the reporting entity.

Civil penalty

  (2)   Subsection   (1) is a civil penalty provision.