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

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

1Name

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

2Commencement

1. (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Note: This table relates only to the provisions of this instrument as originally made.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.

1. (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.

3Authority

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

4Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

5Definitions

In this instrument:

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

6Prescribed foreign countries

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

1. (a)

   Democratic People’s Republic of Korea;

2. (b)

   Iran.

Schedule 1—Repeals

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

1

The whole of the regulation

Repeal the regulation.