118M Giving of information notice to be disregarded for S. 118M certain purposes (Heading) substituted by If a financial institution is given, or has been No. 104/2003 s. 5(8)(a). given, an information notice, the fact that the S. 118M information notice has been issued must be inserted by No. 63/2003 disregarded for the purposes of the application of s. 29, section 194 or 195A of the Crimes Act 1958 in amended by No. 104/2003 relation to the institution. s. 5(8)(b). Division 4—Reports of suspect transactions 119 Reports of suspect transactions (1) A cash dealer who is a party to a transaction and S. 119(1) amended by who has reasonable grounds for suspecting that 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 Victoria; 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— (a) be in the form approved by the AUSTRAC S. 119(3)(a) amended by CEO in writing for the purposes of No. 68/2010 s. 28(1).
S. 118M (Heading) substituted by No. 104/2003 s. 5(8)(a). S. 118M inserted by No. 63/2003 s. 29, amended by No. 104/2003 s. 5(8)(b). 118M Giving of information notice to be disregarded for certain purposes If a financial institution is given, or has been given, an information notice, the fact that the information notice has been issued must be disregarded for the purposes of the application of section 194 or 195A of the Crimes Act 1958 in relation to the institution. Division 4—Reports of suspect transactions 119 Reports of suspect transactions 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 Victoria; 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
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