FINANCIAL TRANSACTION REPORTS ACT 1988

PART III - ACCOUNTS  

SECTION 22   NOTICE TO AUSTRAC CEO IF NO PRIMARY IDENTIFICATION DOCUMENT EXAMINED  

22(1)  


If an identification reference for a signatory to an account is given to a cash dealer for the purposes of compliance with this Part and the reference states that the referee examined only a secondary identification document for the signatory, the cash dealer must give the AUSTRAC CEO written notice:


(a) (Omitted by No 164 of 1992)


(b) (Omitted by No 164 of 1992)


(c) setting out sufficient details of the account for the account to be identified;


(d) setting out the name used by the signatory in relation to the account; and


(e) stating that the identification reference for the signatory was not supported by a primary identification document.

22(2)  


A cash dealer who contravenes subsection (1) commits an offence against this subsection punishable, upon conviction, by imprisonment for a period of not more than 2 years.
Note:

Subsection 4B(2) of the Crimes Act 1914 allows a court to impose in respect of an offence an appropriate fine instead of, or in addition to, a term of imprisonment. The maximum fine that a court can impose on an individual is worked out by multiplying the maximum term of imprisonment (in months) by 5, and then multiplying the resulting number by the amount of a penalty unit. The amount of a penalty unit is stated in section 4AA of that Act. If a body corporate is convicted of an offence, subsection 4B(3) of that Act allows a court to impose a fine that is not greater than 5 times the maximum fine that could be imposed by the court on an individual convicted of the same offence.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.