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

71   Subsection 199(5)

Repeal the subsection, substitute:

(5) A police officer or a customs officer may seize physical currency found in the course of an examination or search under subsection (3) or (4) 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).