Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (130 of 2017)

Schedule 1   Amendments

Part 5   Investigation and enforcement

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

67   After subsection 199(2)

Insert:

Person leaving or arriving in Australia - seizing physical currency

(2A) A police officer or a customs officer may seize physical currency produced to the officer under paragraph (1)(f) or (2)(d) if:

(a) the police officer or customs officer has reasonable grounds to suspect that the physical currency may afford evidence as to the commission of an offence against section 53; or

(b) the police officer or customs officer has reasonable grounds to suspect that the physical currency may be of interest under subsection (14).