Document ID: chunk:federal_register_of_legislation:C2025C00044:section:82
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 82
Character Range: 277234–278635

82  Compliance with Part A of an anti‑money laundering and counter‑terrorism financing program

Compliance with program
 (1) If a reporting entity has adopted:
 (a) a standard anti‑money laundering and counter‑terrorism financing program; or
 (b) a joint anti‑money laundering and counter‑terrorism financing program;
that applies to the reporting entity, the reporting entity must comply with:
 (c) Part A of the program; or
 (d) if the program has been varied on one or more occasions—Part A of the program as varied.

Civil penalty
 (2) Subsection (1) is a civil penalty provision.

Exceptions
 (3) Subsection (1) does not apply to a particular provision of Part A of a standard anti‑money laundering and counter‑terrorism financing program if the provision was not included in the program in order to comply with the requirements specified in AML/CTF Rules made for the purposes of paragraph 84(2)(c).
 (4) Subsection (1) does not apply to a particular provision of Part A of a joint anti‑money laundering and counter‑terrorism financing program if the provision was not included in the program in order to comply with the requirements specified in AML/CTF Rules made for the purposes of paragraph 85(2)(c).
 (5) A person who wishes to rely on subsection (3) or (4) bears an evidential burden in relation to that matter.

Division 3—Anti‑money laundering and counter‑terrorism financing programs