Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2007 (52 of 2007)

Schedule 1   Amendments

Part 1   Amendments

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

16   After subsection 67(2)

Insert:

(2A) This Part does not apply to an instruction that arises from the use of a debit card or a credit card at a branch of a financial institution if:

(a) the number of the card is included in the instruction; and

(b) the card is not of a kind specified in the AML/CTF Rules; and

(c) the use does not take place in circumstances of a kind specified in the AML/CTF Rules.