Federal Register of Legislation - Australian Government

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Rules/Other as made
These Rules have been made for the purposes of paragraph (e) of the definition of ‘correspondent banking relationship’ in section 5 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
Administered by: Attorney-General's
Registered 13 Apr 2007
Tabling HistoryDate
Tabled HR08-May-2007
Tabled Senate09-May-2007
Date of repeal 11 Dec 2008
Repealed by Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2008 (No. 7)
Table of contents.

Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 2)

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

I, NEIL J JENSEN, Chief Executive Officer, Australian Transaction Reports and Analysis Centre, make this Instrument under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing  Act 2006.

Dated 29 March 2007



1              Name of Instrument

                This Instrument is the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 2).

2              Commencement

                This Instrument commences on the day after it is registered – the definition of ‘correspondent banking relationship’ in section 5 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

3              Rules

                I make the Rules set out in Schedule 1.


Schedule 1

 

Anti-Money Laundering and Counter-Terrorism Financing Rules in Respect of Paragraph (e) of the Definition of ‘Correspondent Banking Relationship’ in Section 5 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006

1.         These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made pursuant to section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) for the purposes of paragraph (e) of the definition of ‘correspondent banking relationship’ in section 5 of the AML/CTF Act.

2.         For the purposes of paragraph (e) of the definition of correspondent banking relationship in section 5 of the AML/CTF Act, all banking services that do not involve nostro or vostro accounts are specified.

 

Note: these Rules will commence on the day after they are registered.