Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p203
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 561071–564280

at or through a permanent establishment of a non-financier who because of the operation of paragraph 72.3 is a beneficiary institution;

    then, for the purposes of paragraph 45(3)(b) of the AML/CTF Act, the information contained in the Schedule to this Chapter is specified.

      Western Union

      Instructions transmitted into Australia

    72.5 For the purposes of subparagraphs 8(1)(c)(v) and 9(1)(c)(v), the following person is specified to be an ordering institution:

         (1) a non-financier when:

              (a) the non-financier accepts an instruction from a payer to transfer money controlled by the payer to a payee;

              (b) the instruction is accepted through a permanent establishment of the non-financier in a foreign country;

              (c) the instruction is accepted on the basis that the transferred money will be made available to the payee as a result of the instruction being transmitted into Australia via the Western Union Money Transfer Service; and

              (d) the transferred money is to be, or is, only made available to the payee at or through a permanent establishment of a beneficiary institution in Australia in circumstances where:

                  (i) the beneficiary institution has a contractual arrangement with Western Union to receive the transmitted instruction; and

              (ii) will make the money available to the payee.

      Instructions transmitted out of Australia

    72.6 For the purposes of subparagraphs 8(1)(d)(v) and 9(1)(d)(v), the following person is specified to be a beneficiary institution:

         (1) a non-financier in a foreign country when:

             (a) the payer, through the permanent establishment of the ordering institution in Australia, instructs that ordering institution to transfer money controlled by the payer to a payee in the foreign country; and

             (b) the ordering institution, which has a contractual arrangement with Western Union to accept such instructions, transmits the instructions out of Australia via the Western Union Money Transfer Service to the non-financier; and

             (c) the non-financier, through a permanent establishment of the non-financier in the foreign country, will make, or makes, the money available to the payee.

    72.7 If either of the following are applicable:

         (1) an International Funds Transfer Instruction is accepted by a non-financier who because of the operation of paragraph 72.5 is an ordering institution; or

         (2) money transferred as a result of an International Funds Transfer Instruction is to be or is made available to the payee at or through a permanent establishment of a non-financier who because of the operation of paragraph 72.6 is a beneficiary institution;

    then, for the purposes of paragraph 45(3)(b) of the AML/CTF Act, the information contained in the Schedule to this Chapter is specified.

    72.8 In this Chapter:

         (1) 'MoneyGram' means MoneyGram International, Inc., a Delaware corporation, Federal Employer Identification Number 16-1690064, with its principal executive offices situated at 2828 North Harwood Street, Dallas, Texas 75201,