Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018

Amendment of section 35 of Act of 2010

14. Section 35 of the Act of 2010 is amended—

(a) in subsection (2), by the substitution of “Subject to section 33(8A), a designated person” for “A designated person”, and

(b) by the substitution of the following for subsection (3):

“(3) A designated person shall monitor any business relationship that it has with a customer to the extent reasonably warranted by the risk of money laundering or terrorist financing.”.