Precious Stones and Precious Metals (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Act 2019
Table of Contents
Long Title
Part 1 PRELIMINARY
1 Short title
2 Interpretation
3 Purpose of Act
4 Appointment of Registrar, Deputy Registrars, Assistant Registrars and authorised officers
5 Public servants
Part 2 REGISTRATION OF REGULATED DEALERS
Division 1 — Registration
6 No regulated dealing without registration
7 Registration and renewal
8 Grounds for refusing to grant or renew registration
9 Conditions of registration
9A Lapsing of registered dealer’s registration
Division 2 — Regulatory action
10 Regulatory action
11 Registrar to give opportunity to make representations
12 Recovery of financial penalties
13 Appeal to Minister
Part 3 PREVENTION OF MONEY LAUNDERING, TERRORISM FINANCING AND FINANCING OF PROLIFERATION OF WEAPONS OF MASS DESTRUCTION
14 Application of this Part
15 Interpretation of this Part
16 Customer due diligence
17 Cash transaction reports
18 Keeping of records
19 Programmes and measures to prevent money laundering, terrorism financing and financing of proliferation of weapons of mass destruction
20 Additional measures relating to targeted financial sanctions, etc.
21 Disclosure of suspicious transactions, etc.
22 Power to give directions
Part 4 MONITORING AND ENFORCEMENT
23 Powers of monitoring and investigation
24 Further powers of investigation
25 Power to seize property, etc., in certain circumstances
26 Power of court over seized property, etc.
Part 5 GENERAL OFFENCES
27 Providing false information to Registrar or authorised officer
28 Obstruction of investigation, etc.
Part 6 GENERAL
29 Disclosure of information to foreign authority
30 Protection from personal liability
31 Composition of offences
32 Offences by corporations
33 Offences by unincorporated associations or partnerships
34 Jurisdiction of court
35 Codes of practice, guidelines and standards of performance
36 Power to publish information
36A Service of documents
36B Electronic service
37 Amendment of Schedule
38 Exemption
39 Regulations
40 Saving and transitional provisions
Legislative History
Abbreviations
Comparative Table