Section 99: Compounding of offences

99. Compounding of offences (1) The central 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 central 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. 99 amended by s. 3 (r) of Act 27 of 2013 w.e.f. 21 December 2013.]