| (a) | The Centre, in respect of any accountable institution regulated or supervised by a supervisory body in terms of this Act or any other law, may institute proceedings in accordance with this section only if a supervisory body failed to institute proceedings despite any recommendation of the Centre made in terms of section 44(b) or failed to institute proceedings within the period recommended by the Centre. |
| (b) | A supervisory body may institute proceedings in accordance with this section only after consultation with the Centre on that application to court. |
| (2) | Subject to subsection (1), the Centre or any supervisory body may institute proceedings in the High Court having jurisdiction against any accountable institution, reporting institution or person to whom this Act applies, to— |
| (a) | discharge any obligation imposed on the Centre or supervisory body in terms of this Act: |
| (b) | compel that institution or person to comply with any provision of this Act or to cease contravening a provision of this Act; |
| (c) | compel that institution or person to comply with a directive issued by the Centre or supervisory body under this Act; or |
| (d) | obtain a declaratory order against that institution or person on any point of law relating to any provision of this Act or any order, determination or directive made in terms of this Act. |
| (3) | Subject to subsection (1), if the Centre or a supervisory body has reason to believe that an institution or person is not complying with this Act or any order, determination or directive made in terms of this Act, it may, if it appears that prejudice has occurred or might occur as a result of such non-compliance, apply to a court having jurisdiction for— |
| (a) | an order restraining that institution or person from continuing business pending an application to court by the Centre or supervisory body as contemplated in subsection (2); or |
| (b) | any other legal remedy available to the Centre or supervisory body. |
[Section 45F inserted by section 16(b) of the Financial Intelligence Centre Amendment Act, 2008 (Act No. 11 of 2008)]
