s 26G
In forceReporting entities must comply with AML/CTF policies
Part 1AAML/CTF programs
Division 3AML/CTF policies
26G Reporting entities must comply with AML/CTF policies
(1)
A reporting entity must comply with the AML/CTF policies of the reporting entity.
(2)
If:
(a)
a reporting entity is a member of a reporting group; and
(b)
the reporting entity is not the lead entity of the reporting group;
the reporting entity must also comply with the AML/CTF policies of the lead entity of the reporting group that apply to the reporting entity.
Note:
The lead entity of the reporting group must comply with its own AML/CTF policies under subsection (1).
(3)
Subsections (1) and (2) are civil penalty provisions.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.