Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2012 (No. 2) (Cth)

Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2012 (No. 2)

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

I, John Lance Schmidt, 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 1 June 2012

[Signed]

John Lance Schmidt

Chief Executive Officer

Australian Transaction Reports and Analysis Centre

1Name of Instrument

This Instrument is the Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2012 (No. 2).

2Commencement

Schedule 1 of this Instrument commences on the day after it is registered.

3Amendment

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

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

1. Chapter 56

Item 1Schedule 1, Part A, after paragraph 19, insert:

(20) The business contact details of the individual completing the application for registration, comprising:

(a) full name;

(b) position or title;

(c) date of birth (optional);

(d) telephone number;

(e) facsimile number (if applicable);

(f) email address; and

(g) postal address.

Item 2Schedule 2, Part A, after paragraph 19, insert:

(20) The business contact details of the individual completing the application for registration, comprising:

(a) full name;

(b) position or title;

(c) date of birth (optional);

(d) telephone number;

(e) facsimile number (if applicable);

(f) email address; and

(g) postal address.

Item 3Schedule 3, Part A, after paragraph 20, insert:

(21) The business contact details of the individual completing the application for registration, comprising:

(a) full name;

(b) position or title;

(c) date of birth (optional);

(d) telephone number;

(e) facsimile number (if applicable);

(f) email address; and

(g) postal address.

2. Chapter 63

Item 1Schedule, Part A, paragraph 27, omit

Item 2Schedule, Part A, paragraph 28

Renumber as 27

Item 3Schedule, Part A, after paragraph 27, insert

28. Where the person is a remittance affiliate; and,

(a) provided a designated service or services only in the capacity of a remittance affiliate; and

(b)

did not provide a designated service in any other capacity;

that person is not required to provide the information in regard to an application for enrolment specified at,

(c)

paragraphs 19, 20, 21, 22, 25, 26 and 27.

Item 4Schedule, Part A, after paragraph 28, insert

29. Where the person is exempt from Part 7 of the AML/CTF Act in full, that person is not required to provide the information in regard to an application for enrolment specified at,

(a) paragraphs 19, 20, 21, 22, 25, and 27.

Item 5Schedule, Part B, for paragraph 1, substitute

1. The annual financial statements of the person relating to the most recent financial year before the census date, unless the person is:

(a) a remittance affiliate that provided a designated service or services only in the capacity of a remittance affiliate and did not provide a designated service in any other capacity;

or

(b) a person exempt from Part 7 of the AML/CTF Act in full.