Document ID: chunk:federal_register_of_legislation:C2011A00060:clause:1_32
Version: federal_register_of_legislation:C2011A00060
Segment Type: clause
Provision Reference: sch 1 cl 32
Character Range: 36709–37325

32  After subsection 84(5)
Insert:

Registered remittance affiliates of a registered remittance network provider
 (5A) A reporting entity that is a registered remittance network provider must make available a standard anti‑money laundering and counter‑terrorism financing program to its registered remittance affiliates for the purpose of adoption and maintenance under section 81 by those affiliates. To avoid doubt, this subsection does not prevent a remittance affiliate from adopting a program other than one made available under this section.

Civil penalty
 (5B) Subsection (5A) is a civil penalty provision.