Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2017 (No. 3) (Cth)

Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2017 (No. 3)

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

I, Gavin McCairns, acting 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 3 July 2017

[signed]

Gavin McCairns

Acting 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 2017 (No. 3).

2Commencement

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 51

Item 1For Chapter 51

Repeal Part 51.3, substitute:

Part 51.3PayPal Pte Ltd., PayPal Inc and PayPal Hong Kong Limited.

51.3.1 For the purposes of subparagraphs 8(1)(c)(v), 8(1)(d)(v), 8(2)(c)(v), 9(1)(c)(v), 9(1)(d)(v) and 9(2)(c)(v), the following persons are specified:

(1) PayPal Pte Ltd. 200509725E (PayPal Singapore) 09-01 Suntec Tower 5, 5 Temasek Boulevard, Singapore 038985;

(2) PayPal Inc. 770510487 (PayPal USA) 2211 North First Street San Jose, California 95131; and

(3) PayPal Hong Kong Limited. 1144926 (PayPal Hong Kong), Rooms 1506-07, 15/F, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong.