Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (130 of 2017)
Schedule 1 Amendments
Part 3 Remittance activities
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
41 After subsection 75G(1)
Insert:
(1A) The AUSTRAC CEO may also cancel the registration of a person if the AUSTRAC CEO has reasonable grounds to believe that the registered person no longer carries on a business that gives rise to the requirement to be registered under this Part.