Document ID: chunk:federal_register_of_legislation:C2024A00110:clause:8_63
Version: federal_register_of_legislation:C2024A00110
Segment Type: clause
Provision Reference: sch 8 cl 63
Character Range: 145236–146146

63  Simplified outline
  The following is a simplified outline of this Part.

                              An ordering institution, a beneficiary institution and an intermediary institution in a transfer of value must fulfil certain obligations in relation to the transfer.
                              The obligations of an ordering institution relate to the information the institution collects, verifies and provides as part of the transfer.
                              The obligations of a beneficiary institution relate to the information the institution receives or otherwise obtains as part of the transfer.
                              The obligations of an intermediary institution relate to the information the institution receives and provides as part of the transfer.
                              Additional obligations apply if the transfer of value is a transfer of a virtual asset.