Section 48: Power to require customer information

48. Power to require customer information (1) The Enforcement Authority may, by written notice, require a financial institution to provide such customer information as it may have relating to a person specified in the notice, in such manner and at such time as the Enforcement Authority may require, where there is reasonable ground for suspecting that— (a) any property in the possession or under the control of a person is proceeds, an instrumentality or terrorist property or the person has derived a benefit from any unlawful activity; (b) the customer information is likely to be of substantial value to an application or an Investigation; and (c) it is in the public interest that the customer information should be provided. (2) Where any customer information is contained in a computer, the notice may require the financial institution to provide it in a form in which it is accessible or may be taken away. [S. 48 repealed and replaced by s. 21 of Act 24 of 2012 w.e.f. 10 November 2012.]