Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)Chapter 4 : Compliance and Enforcement58. Failure to comply with direction of Centre |
| (1) | An accountable institution, that fails to comply with a direction of the Centre in terms of section 34(1), is guilty of an offence. |
| (2) | An accountable institution that fails to comply with a direction of the Centre in terms of section 34(1), is non-compliant and is subject to an administrative sanction. |
[Substituted by section 21 of the Financial Intelligence Centre Amendment Act, 2008 (Act No. 11 of 2008)]