Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p194
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 536742–539836

not to engage in unlawful or improper conduct) and which reflected adversely on the competence, diligence, judgement, honesty or integrity of the remittance network provider or any of its key personnel;

         (5) the remittance network provider has complied with the requirements of subsection 75M(3) of the AML/CTF Act with respect to any remittance affiliate;

         (6) the information given in the declaration is true, accurate and complete; and

         (7) the applicant understands that criminal or civil penalties may apply for giving false or misleading information, or for omitting any matter or thing without which the information is misleading.

     Independent Remittance Dealer

    70.4 An application for renewal of registration as an independent remittance dealer must be made by an authorised individual on behalf of the registered independent remittance dealer and contain a declaration that:

         (1) the registration details of the registered independent remittance dealer as they appear on the Remittance Sector Register are correct and current at the time of the declaration;

         (2) the enrolment details of the registered independent remittance dealer as they appear on the Reporting Entities Roll are correct and current at the time of the declaration;

         (3) the independent remittance dealer has complied with the requirements of section 75M of the AML/CTF Act and the Schedule to Chapter 60 of the AML/CTF Rules;

         (4) the authorised individual has notified the AUSTRAC CEO as to whether the independent remittance dealer and any of its key personnel have been:

              (a) charged, prosecuted and/or convicted in relation to money laundering, financing of terrorism, terrorism, people smuggling, fraud, a serious offence, an offence under the AML/CTF Act, or an offence under the Financial Transaction Reports Act 1988 (FTR Act);

              (b) subject of a civil penalty order made under the AML/CTF Act;

              (c) the subject of civil or criminal proceedings or enforcement action, in relation to the management of an entity, or commercial or professional activities, which were determined adversely to the independent remittance dealer or any of its key personnel (including by the independent remittance dealer or any of its key personnel consenting to an order or direction, or giving an undertaking, not to engage in unlawful or improper conduct) and which reflected adversely on the competence, diligence, judgement, honesty or integrity of the independent remittance dealer or any of its key personnel;

         (5) the information given in the declaration is true, accurate and complete; and

         (6) the applicant understands that criminal or civil penalties may apply for giving false or misleading information, or for omitting any matter or thing without which the information is misleading.

     Remittance Affiliate

    70.5 An application for renewal of the registration of a registered remittance affiliate of a registered remittance network provider must be made by an