Document ID: chunk:federal_register_of_legislation:C2024A00110:clause:1_26m
Version: federal_register_of_legislation:C2024A00110
Segment Type: clause
Provision Reference: sch 1 cl 26M
Character Range: 41486–42105

26M  Reporting entities must notify AUSTRAC of entity's AML/CTF compliance officer
 (1) A reporting entity must notify AUSTRAC of the individual who is designated as the reporting entity's AML/CTF compliance officer within 14 days after the individual is designated as the AML/CTF compliance officer for the reporting entity.
 (2) A notice under subsection (1):
 (a) must be in the approved form; and
 (b) must contain such information, and be accompanied by such documents, as is required by the approved form.
 (3) Subsection (1) is a civil penalty provision.

Division 6—AML/CTF program documentation and approvals