s 26N
In forceAML/CTF program documentation
Part 1AAML/CTF programs
Division 6AML/CTF program documentation and approvals
26N AML/CTF program documentation
(1)
A reporting entity must document the following, within the period (if any) specified in the AML/CTF Rules:
(a)
its AML/CTF program;
(b)
any other matter relating to the AML/CTF program of the reporting entity specified in the AML/CTF Rules.
(2)
A reporting entity must comply with subsection (1).
(3)
Subsection (2) is a civil penalty provision.
(4)
If a reporting entity is the responsible entity of a registered scheme (within the meaning of the Corporations Act 2001), the reporting entity’s AML/CTF program may be documented in the same document as the registered scheme’s compliance plan under that Act.
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