Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)Chapter 5 : Miscellaneous79B. Amendment of list of foreign politically exposed persons |
[Section 79B heading substituted by section 48(a) 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]
| (1) | The Minister may, by notice in the Gazette, amend the list of foreign politically exposed persons in Schedule 3B to— |
[Words preceding section 79B(1)(a) substituted by section 48(b) 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]
| (a) | add to the list any person or category of persons; |
| (b) | delete any person or category of persons from the list; or |
| (c) | make technical changes to the list. |
| (2) | Before the Minister amends Schedule 3B in terms of subsection (1), the Minister must— |
| (a) | in the Gazette, give notice where a draft of the amendments will be available and invite submissions; and |
| (b) | consider submissions received. |
| (3) | Any addition to or deletion from the list of persons in Schedule 3B in terms of subsection (1) must, before publication in the Gazette, be submitted to Parliament for its approval. |
[Section 79B inserted by section 58 of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017)]