Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2007 (52 of 2007)
Schedule 1 Amendments
Part 1 Amendments
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
17 After subsection 67(4)
Insert:
Merchant terminals
(4A) This Part does not apply to an instruction given by way of the operation of a merchant terminal if:
(a) the operation is authorised by a financial institution; and
(b) the merchant terminal is not of a kind specified in the AML/CTF Rules; and
(c) the operation does not take place in circumstances of a kind specified in the AML/CTF Rules.
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