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 Crime (Confiscation of Profits) Act 1993.
The cash dealer must comply with the request to the extent that the cash dealer has the further information. Fine not exceeding 400 penalty units or imprisonment for a term not exceeding 2 years, or both.
This Act’s bill:Second reading speech
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