Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)RegulationsMoney Laundering and Terrorist Financing Control RegulationsChapter 5 : Measures to Promote Compliance and Appeals27D. Criteria for supervisory body to request information relating to a report made in terms of section 29 |
| (1) | For the purposes of section 45B(2A) of the Act, a supervisory body referred to in section 45B(2A)(c) of the Act may only order from an accountable institution under inspection, the production of a copy of a report, or the furnishing of a fact or information related to the report contemplated in section 29 if, to the satisfaction of the Centre— |
| (a) | appropriate measures are taken by the supervisory body to ensure that the information obtained from the report is processed only for the purposes of determining compliance with the Act; |
| (b) | appropriate measures are taken by the supervisory body to prevent unlawful access to the information contained in the report; and |
| (c) | appropriate security safeguards are in place for the protection of information contained in the report. |
| (2) | The Centre must advise the accountable institution concerned in writing of its decision whether a supervisory body meets the criteria contemplated in subregulation (1). |
[Regulation 27D inserted by regulation 16 of Notice No. R. 1062 of 2017]