Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 2)
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
I, NEIL J JENSEN, Chief Executive Officer, Australian Transaction Reports and Analysis Centre, make this Instrument under section 229 of the Anti-Money Laundering and Counter-Terrorism Financing  Act 2006.
Dated 29 March 2007
[Signed]
NEIL J JENSEN
Chief Executive Officer
Australian Transaction Reports and Analysis Centre
1              Name of Instrument
                This Instrument is the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 2).
2              Commencement
                This Instrument commences on the day after it is registered – the definition of ‘correspondent banking relationship’ in section 5 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
3              Rules
                I make the Rules set out in Schedule 1.
Schedule 1
 
Anti-Money Laundering and Counter-Terrorism Financing Rules in Respect of Paragraph (e) of the Definition of ‘Correspondent Banking Relationship’ in Section 5 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006
1.         These Anti-Money Laundering and Counter-Terrorism Financing Rules (Rules) are made pursuant to section 229 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) for the purposes of paragraph (e) of the definition of ‘correspondent banking relationship’ in section 5 of the AML/CTF Act.
2.         For the purposes of paragraph (e) of the definition of correspondent banking relationship in section 5 of the AML/CTF Act, all banking services that do not involve nostro or vostro accounts are specified.
 
Note: these Rules will commence on the day after they are registered.