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

74   After subsection 200(13)

Insert:

(13A) A police officer or customs officer may seize a bearer negotiable instrument if:

(a) the bearer negotiable instrument:

(i) is produced to a police officer or a customs officer under subsection (1) or (2); or

(ii) is found by a police officer or a customs officer in the course of an examination under subsection (4), (5), (6), (7), (8) or (9); and

(b) the police officer or customs officer has reasonable grounds to believe that the bearer negotiable instrument:

(i) 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

(ii) may be of assistance in the enforcement of the Proceeds of Crime Act 2002 or regulations under that Act; or

(iii) 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.