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
73 At the end of section 199
(12) If a person is subject to a requirement under subsection (1) or (2), the person must not engage in conduct that breaches the requirement.
(13) Subsection (12) is a civil penalty provision.
Currency of interest
(14) For the purposes of this section, physical currency may be of interest if the physical currency:
(a) may be relevant to the investigation of, or prosecution of a person for, an offence against a law of the Commonwealth or of a State or Territory; or
(b) may be of assistance in the enforcement of the Proceeds of Crime Act 2002 or regulations under that Act; or
(c) may be of assistance in the enforcement of a law of a State or Territory that corresponds to the Proceeds of Crime Act 2002 or regulations under that Act.