Crimes Legislation Amendment (Law Enforcement Integrity, Vulnerable Witness Protection and Other Measures) Act 2013 (74 of 2013)
Schedule 4 Anti-Money Laundering and Counter-Terrorism Financing amendments
Part 1 Main amendments
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
17 After subsection 123(7)
Insert:
(7AA) A reporting entity to whom information has been disclosed under subsection (7) must not disclose the information unless:
(a) the disclosure is made to another reporting entity that belongs to the designated business group; and
(b) the disclosure is made for the purpose of informing the other reporting entity about the risks involved in dealing with the customer.
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