Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)Chapter 4 : Compliance and Enforcement57. Failure to comply with request |
| (1) | An accountable institution, reporting, institution or any other person that fails to comply with a request made by— |
| (a) | the Centre in terms of section 32(2); or |
| (b) | a supervisory body in terms of section 45(1B)(d), |
is guilty of an offence.
| (2) | An accountable institution, reporting institution or any other person that fails to comply with a request made by— |
| (a) | the Centre in terms of section 32(2); or |
| (b) | a supervisory body in terms of section 45(1B)(d), |
is non-compliant and is subject to an administrative sanction.
[Section 57 substituted by section 43 of the General Laws (Anti-Money Laundering & Combating Terrorism Financing) Amendment Act, 2022 (Act No. 22 of 2022) Notice No. 1532, GG47802, dated 29 December 2022 - effective 31 December 2022 per Proclamation Notice 109 (a), GG47805, dated 31 December 2022]