Section 40: Compliance with the Co-operatives Act, the Financial Intelligence and
This section is inserted by The Anti-money Laundering, Combatting the Financing of Terrorism and Countering Proliferation Financing (Miscellaneous Provisions) Act, section 5.
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
40. Compliance with the Co-operatives Act, the Financial Intelligence and
Anti-Money Laundering Act, the United Nations (Financial Prohibitions, Arms
Embargo and Travel Ban) Sanctions Act, and any regulations made or
guidelines issued under those Acts
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Questions this section answers
- Does a co-operative society have to follow the Financial Intelligence and Anti-Money Laundering Act and UN sanctions rules too?