Federal Register of Legislation - Australian Government

Primary content

Regulations as made
This regulation requires reporting entities in Australia to apply enhanced due diligence when processing transactions that involve persons or corporations in Iran or the Democratic People's Republic of Korea.
Administered by: Home Affairs
Registered 26 Feb 2016
Tabling HistoryDate
Tabled HR29-Feb-2016
Tabled Senate01-Mar-2016
Date of repeal 17 Mar 2018
Repealed by Anti-Money Laundering and Counter-Terrorism Financing (Prescribed Foreign Countries) Regulations 2018
Table of contents.

 

Anti‑Money Laundering and Counter‑Terrorism Financing (Prescribed Foreign Countries) Regulation 2016

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 25 February 2016

Peter Cosgrove

Governor‑General

By His Excellency’s Command

Michael Keenan

Minister for Justice

 

  

  

  


Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

5............ Definitions..................................................................................................................... 1

6............ Prescribed foreign countries.......................................................................................... 1

Schedule 1—Repeals                                                                                                                                       2

Anti‑Money Laundering and Counter‑Terrorism Financing (Iran Countermeasures) Regulation 2014       2

 


1  Name

                   This is the Anti-Money Laundering and Counter-Terrorism Financing (Prescribed Foreign Countries) Regulation 2016.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

27 February 2016

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

5  Definitions

                   In this instrument:

Act means the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006.

6  Prescribed foreign countries

                   Each of the following countries is declared to be a prescribed foreign country for the purposes of the Act:

                     (a)  Democratic People’s Republic of Korea;

                     (b)  Iran.