Further information about suspect transactions not reported under FTR Act or AMLCTF Act
7A Further information about suspect transactions not reported under FTR Act or AMLCTF Act
This section applies if a cash dealer communicates information to the AUSTRAC CEO under section 7(2).
A designated authority may request the cash dealer to give to the designated authority the further information stated in the request.
The further information must be information that—
may be relevant to the investigation of, or prosecution of a person for, an offence against the law of the State; or
may be of assistance in the enforcement of the Criminal Proceeds Confiscation Act 2002.
The cash dealer must comply with the request to the extent that the cash dealer has the further information.Maximum penalty for subsection (4)—400 penalty units or imprisonment for 2 years.
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