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.".