Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017

  • Corrections have been made to Schedule 1 on 14 August 2017 under section 25(1)(j)(iii) of the Legislation Act 2012.
28 Section 57 amended (Minimum requirements for AML/CFT programmes)


In section 57, after “programme must”, insert “be in writing and”.


In section 57(d), replace “suspicious transactions” with “suspicious activities”.


In section 57, insert as subsection (2):


In developing an AML/CFT programme, a reporting entity must have regard to any applicable guidance material produced by AML/CFT supervisors or the Commissioner relating to AML/CFT programmes.