Document ID: chunk:federal_register_of_legislation:C2004A00979:clause:2_1
Version: federal_register_of_legislation:C2004A00979
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 10882–11641

1  After subsection 16(1)
Insert:

 (1A) Where:
 (a) a cash dealer is a party to a transaction; and
 (b) either:
 (i) the cash dealer has reasonable grounds to suspect that the transaction is preparatory to the commission of a financing of terrorism offence; or
 (ii) the cash dealer has reasonable grounds to suspect that information that the cash dealer has concerning the transaction may be relevant to investigation of, or prosecution of a person for, a financing of terrorism offence;
the cash dealer, whether or not required to report the transaction under Division 1 or 3, must, as soon as practicable after forming the suspicion:
 (c) prepare a report of the transaction; and
 (d) communicate the information contained in the report to the Director.