Senate debates

Thursday, 22 March 2007

Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2007

In Committee

11:03 am

Photo of Joe LudwigJoe Ludwig (Queensland, Australian Labor Party, Manager of Opposition Business in the Senate) Share this | Hansard source

I move amendment (3) on sheet 5199:

(3)    Schedule 1, page 11 (after line 22), after item 40, insert:

40A  After section 132

Insert:

132A  United Nations deemed to be a foreign country

                 For the purposes of this Subdivision, the United Nations is deemed to be a foreign country and its constituent bodies are deemed to be a foreign law enforcement agency.

Before I deal with the amendment—which will not take long—I have a couple of questions on which I seek clarification. Firstly, does AUSTRAC share financial intelligence information with Interpol and, if so, on what lawful basis under the present act does it share this information? It is a simple point.

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