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No. 4 of 2008 Rules/Other as made
This instrument amends the reportable detail requirements in chapters 17 to 19 of the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).
Administered by: Attorney-General's
Registered 12 Aug 2008
Tabling HistoryDate
Tabled HR26-Aug-2008
Tabled Senate26-Aug-2008
Date of repeal 09 Apr 2013
Repealed by Attorney-General's (Spent and Redundant Instruments) Repeal Regulation 2013

Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2008 (No. 4)

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

I, Neil 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    4 August 2008

 

 

 

[Signed]

Neil J Jensen PSM

Chief Executive Officer
Australian Transaction Reports and Analysis Centre


 

1              Name of Instrument

                This Instrument is the Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2008 (No. 4).

2              Commencement

 

                 This Instrument commences on the day after it is registered.

3              Amendment

  Schedule 1 amends the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).

  

Schedule 1                   Amendment of the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1).

1.            Note 2, Schedule 2, item 1, subparagraph 17.2(1)(h)

insert immediately after the word ‘activity’

               and ABN

2.            Note 2, Schedule 2, item 1, after subparagraph 17.2(5)

insert

               (5A) the number of the transferor entity’s account held with the person which accepts the instruction from the transferor entity, if applicable;

3.            Note 2, Schedule 2, item 1, after subparagraph 17.2(6)

insert

               (6A) the name and address of the person in the foreign country to which the transmitter sent the instruction for the transfer of money or property;

4.            Note 2, Schedule 2, item 1, after subparagraph 17.2(12)

insert

(12A)   if money is to be made available to the ultimate transferee entity by a person in a foreign country depositing or arranging for the money to be deposited into an account held by the ultimate transferee entity with that person, whether or not held jointly with any other person or persons:

(a)        the account number of that account, if applicable;

(b)        the name in which the account is held, if applicable; and

(c)        the name and location of the institution at which the account is held;

(12B)   any reference number allocated by the reporting entity to the instruction;

 

5.            Note 2, Schedule 2, item 1, after subparagraph 17.3(5)

insert

(5A)  the number of the transferor entity’s account held with the foreign entity which accepts the instruction from the transferor entity, if applicable;

6.            Note 2, Schedule 2, item 1, after subparagraph 17.3(6)

insert

(6A) the name and address of the entity in Australia to which the instruction for the transfer of money or property was sent by the transmitter;

7.            Note 2, Schedule 2, item 1, after subparagraph 17.3(10)(f)

insert

(g)     occupation, business or principal activity and ABN, if known;

8.            Note 2, Schedule 2, item 1, after subparagraph 17.3(13)

insert

(13A)   if money is to be made available to the ultimate transferee entity by a person in Australia depositing or arranging for the money to be deposited into an account held by the ultimate transferee entity with that person, whether or not held jointly with any other person or persons:

(a)        the account number of that account, if applicable;

(b)        the name in which the account is held, if applicable; and

(c)        the name and location of the institution at which the account is held;

(13B)   any reference number allocated by the reporting entity to the instruction;

9.            After Schedule 2, item 1, paragraph 17.3

insert

17.4     A report under subsection 45(2) of the AML/CTF Act must contain the following details about the person completing the report:

(1)     Full name;

(2)     Job title or position;

(3)     Telephone number; and

(4)     Email address.

10.          Schedule 2, item 1, subparagraph 18.2(8)(g)

insert immediately after the word ‘activity’

               and ABN

11.          Schedule 2, item 1, subparagraph 18.2(13)(h)

insert immediately after the word ‘activity’

               and ABN

12.          Note 2, Schedule 2, item 1, after subparagraph 18.2(20)(h)

insert

               (i)      the date on which each of the components occurs;

13.          Note 2, Schedule 2, item 1, after subparagraph 18.2(21)(q)

insert

(r)     the date on which the money or property is transferred or is to be transferred;

14.          Note 2, Schedule 2, item 1, subparagraph 18.2(25) and subparagraph 18.2(26)

delete

15.          Note 2, Schedule 2, item 1, subparagraph 18.2(28)(b)

substitute

any identifier number or reference number given by the reporting entity to the previous report, if known.

16.          After Note 2, Schedule 2, item 1, subparagraph 18.2

insert

18.3     A report under subsection 41(2) of the AML/CTF Act must contain the following details about the person completing the report:

(1)     Full name;

(2)     Job title or position;

(3)     Telephone number; and

(4)     Email address.

17.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, subparagraph 19.3(1)(a)

insert immediately after the word ‘name’

               and any other name used by the customer, if known;

18.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, after subparagraph 19.3(1)(a)

insert

(aa)   any business name(s) under which the customer operates;

19.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, after subparagraph 19.3(1)(c)

insert

(ca)   the postal address of the customer if different from that in 19.3(1)(c), if known;

20.          Note 3, Schedules 2 and Note 4, Schedule 3, item 1, subparagraph 19.3(2)(d)

substitute

               the postal address of the customer if different from that in 19.3(2)(c), if known;

21.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, subparagraph 19.3(3)

insert after ‘(3)’

the occupation, business or principal activity of the customer or

22.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, subparagraph 19.3(5)

substitute

a description of the designated service provided or commenced to be provided by the reporting entity to the customer which involves the threshold transaction;

23.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, subparagraph 19.3(6)

substitute

where applicable, the total of each of the following amounts, and the sum of these amounts, provided to or received from the customer relating to the threshold transaction:

(a)        money, including the total of each component thereof, and the type and total of each currency where a component is physical currency;

(b)        international funds transfers;

(c)        cheques;

(d)        bank cheques;

(e)        bank drafts;

(f)         traveller’s cheques;

(g)        money or postal orders;

(h)        hire purchase or finance lease payments;

(i)         negotiable debt instruments;

(j)         benefit payments or payouts;

(k)        contributions or premiums;

(l)         derivatives or futures;

(m)       securities;

(n)        bullion;

(o)        stored value cards (including whether the card was issued or topped up);

(p)        gambling chips or tokens;

(q)        electronic gaming machine payouts;

(r)        winning tickets from wagering;

(s)        buying into a game (for a gambling service);

(t)         placing a bet; and

(u)        any other value;

24.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, after subparagraph 19.3(7)(a)(vi)

insert

(vii)   if the purpose of the transfer(s) is to:

 

(a)        enable a cheque to be provided to the customer using all or part of the physical currency transferred by the customer; or

 

(b)        enable the customer to receive physical currency in exchange for all or part of a cheque produced by the customer to the reporting entity;

the following details:

 

(c)        the name of the drawer;

 

(d)        the name of the drawee; and

(e)        the amount of the cheque;

25.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, after subparagraph 19.3(7)(b)(vi)

insert

(vii)   a description of the purpose of the transfer(s);

(viii)   if the purpose of the transfer(s) is to:

 

(a)        enable a cheque to be provided to the customer using all or part of the e-currency transferred by the customer; or

 

(b)        enable the customer to receive e-currency in exchange for all or part of a cheque produced by the customer to the reporting entity;

the following details:

 

(c)        the name of the drawer;

 

(d)        the name of the drawee; and

(e)        the amount of the cheque;

26.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, after subparagraph 19.3(7)(c)(vii)

insert

(viii)   if the purpose of the transfer(s) is to:

 

(a)        enable a cheque to be provided to the customer using all or part of the money transferred by the customer; or

 

(b)        enable the customer to receive money in exchange for all or part of a cheque produced by the customer to the reporting entity;

the following details:

 

(c)        the name of the drawer;

 

(d)        the name of the drawee; and

(e)        the amount of the cheque;

27.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, after subparagraph 19.3(7)(d)(vii)

insert

(viii)   if the purpose of the transfer(s) is to:

 

(a)        enable a cheque to be provided to the customer using all or part of the property transferred by the customer; or

 

(b)        enable the customer to receive property in exchange for all or part of a cheque produced by the customer to the reporting entity;

the following details:

 

(c)        the name of the drawer;

 

(d)        the name of the drawee; and

(e)        the amount of the cheque;

28.          Note 3, Schedule 2 and Note 4, Schedule 3, item 1, paragraph 19.4

substitute

A report under subsection 43(2) of the AML/CTF Act must contain the following details about the person completing the report:

(1)     Full name;

(2)     Job title or position;

(3)     Telephone number; and

(4)     Email address.

29.          Note 3, Schedule 2 item 1, after subparagraph 19.3(1)(d)

insert

(e)     the ABN of the customer, if known;

30.          Note 4 Schedule 3, item 1, after subparagraph 19.3(1)(d)

insert

(da)   the ABN of the customer, if known;

 

           

Reporting entities should note that in relation to activities they undertake to comply with the AML/CTF Act, they will have obligations under the Privacy Act 1988, including the requirement to comply with the National Privacy Principles, even if they would otherwise be exempt from the Privacy Act.  For further information about these obligations, please go to http://www.privacy.gov.au or call 1300 363 992.