Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p67
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 186179–189165

any KYC information about a customer in accordance with its enhanced customer due diligence program and customer identification program.

    Verification of identity

     10.1.6 Chapter 6 is modified as follows:

         (1) the specified action in paragraph 6.1.3 must be taken:

             1.           within 14 days starting after the day on which the circumstance specified in paragraph 6.1.2 comes into existence; or

             2.           before the reporting entity commences to provide another designated service to the customer to which Part 2 of the Act applies;

         (2) the specified action in paragraph 6.2.2 must be taken:

             1.           within 14 days starting after the day on which the suspicious matter reporting obligation arose; or

             2.           before the reporting entity commences to provide another designated service to the customer to which Part 2 of the Act applies;

         (3) the specified action in paragraph 6.3.2 must be taken:

             1.           within 14 days starting after the day on which the suspicious matter reporting obligation arose; or

             2.           before the reporting entity commences to provide another designated service to the customer to which Part 2 of the Act applies;

         (4) paragraphs 6.2.3 and 6.3.3 do not apply.

    Record‑keeping

     10.1.7 Sections 106 and 107 of the Act do not apply to a designated service of a kind described in:

         (1) items 1, 2, or 6 of table 3 in subsection 6(4) of the Act; or

         (2) item 4 of table 3 in subsection 6(4) to the extent that the customer is only given gaming chips or tokens when the service is provided.
          Part 10.2 On‑course bookmakers and totalisator agency boards

     10.2.1 This Part is made for subsections 39(4), 118(2) and 118(4) of the Act.

     10.2.2 This Part applies to designated services provided by a reporting entity that is an on‑course bookmaker or a totalisator agency board.

    Customer identification

     10.2.3 Division 4 of Part 2 of the Act, subject to paragraph 10.2.5, does not apply to a designated service of a kind described in items 1 or 2 of table 3 in subsection 6(4) of the Act.

     10.2.4 Division 4 of Part 2 of the Act, subject to paragraph 10.2.5, does not apply to a designated service that:

         (1) is of a kind described in items 4, 7 or 8 of table 3 in subsection 6(4); and

         (2) involves an amount less than $10,000.

     10.2.5 An exemption does not apply if the reporting entity determines that it must obtain and verify any KYC information about a customer in accordance with its enhanced customer due diligence program and customer identification program.

    Verification of identity

     10.2.6 Chapter 6 is modified as follows:

         (1) the specified action in paragraph 6.1.3 must be taken:

             1.           within 14 days starting after the day on which the circumstance