Anti-Money Laundering and Countering Financing of Terrorism Act 2009

48B Prescribed transaction reports

(1)

Except as provided in subsection (2), a report made under section 48A(1) must—

(a)

be in the form or forms (if any) prescribed by regulations made under section 153(c); and

(b)

contain the following information:

(i)

a description of the nature of the transaction:

(ii)

the amount of the transaction and the currency in which it was denominated:

(iii)

the date on which the transaction was conducted:

(iv)

the parties to the transaction:

(v)

if applicable, the name of the facility through which the transaction was conducted, and any other facilities (whether or not provided by the reporting entity) directly involved in the transaction:

(vi)

any other information prescribed by regulations made under section 153(c); and

(c)

be signed by a person authorised by the reporting entity to sign prescribed transaction reports (unless the report is provided by electronic means other than an electronic copy of the signed report); and

(d)

be forwarded, in writing, to the Commissioner—

(i)

by way of secure electronic transmission specified or provided by the Commissioner for this purpose; or

(ii)

by another means (including, without limitation, by way of transmission by post, fax, or email) that may be agreed from time to time between the Commissioner and the reporting entity concerned.

(2)

The Commissioner may confer the authority to receive a prescribed transaction report under subsection (1) on—

(a)

any specified Police employee; or

(b)

Police employees of any specified rank or class; or

(c)

any Police employee or Police employees for the time being holding any specified office or specified class of offices.

Section 48B: inserted, on 1 July 2017, by section 9 of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2015 (2015 No 96).