(1) A cash dealer who is a party to a transaction and S. 119(1) who has reasonable grounds for suspecting that amended by No. 68/2010 information that the cash dealer has concerning s. 28(1). the transaction— (a) may be relevant to an investigation, or prosecution, of a person for an offence against a law of ; or (b) may be of assistance in the enforcement of this Act or the regulations made under this Act— must, as soon as practicable, prepare a report of the transaction and communicate the information contained in it to the AUSTRAC CEO. (2) Subsection (1) applies only where the cash dealer S. 119(2) amended by is not required to report the transaction under No. 68/2010 Division 2 of Part II of the Financial Transaction s. 28(2). Reports Act 1988 of the Commonwealth or under section 41 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 of the Commonwealth. (3) The report must— S. 119(3)(a) (a) be in the form approved by the AUSTRAC amended by CEO in writing for the purposes of No. 68/2010 section 16 of the Financial Transaction s. 28(1). Reports Act 1988 of the Commonwealth; (b) contain the reportable details of the transaction; (c) set out the grounds for the suspicion referred to in subsection (1); be signed by the cash dealer. S. 119(4) (4) The communication to the AUSTRAC CEO of the amended by information contained in the report must be No. 68/2010 made— s. 28(1).
S. 119(1) amended by No. 68/2010 s. 28(1). (1) A cash dealer who is a party to a transaction and who has reasonable grounds for suspecting that information that the cash dealer has concerning the transaction— (a) may be relevant to an investigation, or prosecution, of a person for an offence against a law of ; or (b) may be of assistance in the enforcement of this Act or the regulations made under this Act— must, as soon as practicable, prepare a report of the transaction and communicate the information contained in it to the AUSTRAC CEO. S. 119(2) amended by No. 68/2010 s. 28(2). (2) Subsection (1) applies only where the cash dealer is not required to report the transaction under Division 2 of Part II of the Financial Transaction Reports Act 1988 of the Commonwealth or under section 41 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 of the Commonwealth. (3) The report must— S. 119(3)(a) amended by No. 68/2010 s. 28(1). (a) be in the form approved by the AUSTRAC CEO in writing for the purposes of section 16 of the Financial Transaction Reports Act 1988 of the Commonwealth; (b) contain the reportable details of the transaction; (c) set out the grounds for the suspicion referred to in subsection (1); be signed by the cash dealer. S. 119(4) amended by No. 68/2010 s. 28(1). (4) The communication to the AUSTRAC CEO of the information contained in the report must be made—
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