← Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019

Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019 s 20

s 20 Additional measures relating to targeted financial sanctions, etc.

20.—(1) A regulated dealer must perform —(a) any prescribed measures relating to targeted financial sanctions against terrorism; and (b) any additional prescribed measures which are necessary or expedient to give effect to any relevant FATF Recommendation. (2) A regulated dealer who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.

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