Section 69: Compounding of offence
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
69. Compounding of offence
(1) The Bank may, with the consent of the Director of Public Prosecutions, compound any offence committed by a person under this Act which is
prescribed as a compoundable offence, where the person agrees in writing to
pay such amount, not exceeding the maximum penalty specified for the offence, acceptable to the Bank.
(2) Every agreement to compound shall be final and conclusive and, on
payment of the agreed amount, no further proceedings in regard to the offence shall be taken against the person who agreed to the compounding.
(3) (a) The Bank may cause to be published, in such form and manner as
it may determine, a public notice setting out the particulars of the agreed
amount under subsection (1).
(b) A notice under subparagraph (a) shall not contain any information
which the Bank considers to be sensitive.
[S. 69 amended by s. 2 (h) of Act 27 of 2012 w.e.f. 22 December 2012; s. 2 (j) of Act 27 of
2013 w.ef. 21 December 2013.]