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COMMONWEALTHAct
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s 26L

AML/CTF compliance officer’s functions

In force
Part 1AAML/CTF programs
Division 5AML/CTF compliance officers

26L AML/CTF compliance officer’s functions

The functions of the AML/CTF compliance officer for a reporting entity are:

(a)

to oversee and coordinate the reporting entity’s day‑to‑day compliance with this Act, the regulations and the AML/CTF Rules; and

(b)

to oversee and coordinate the effective operation of and compliance with the reporting entity’s AML/CTF policies; and

(c)

to communicate, on behalf of the reporting entity, with AUSTRAC; and

(d)

to do anything incidental to or conducive to the performance of any of the above functions; and

(e)

any other functions specified in the AML/CTF Rules.

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Section 26L — AML/CTF compliance officer’s functions — Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Commonwealth) — Barrister AI