Section 2: Report to Commission by Registrar
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.
2. Report to Commission by Registrar
(1) Where the Registrar has reasonable cause to suspect that a company
holding a Global Business Licence or an Authorised Company—
(a) is not complying with any of the requirements of this Act or any
regulations made under this Act; or
(b) is being used in any way for the trafficking of narcotics and dangerous drugs, arms trafficking or economic crime and money laundering
under the Financial Intelligence and Anti-Money Laundering Act,
he shall report the matter indicating his suspicions to the Commission.
(2) The Registrar shall report to the Commission any management company
of a company holding a Global Business Licence or any registered agent of an
Authorised Company, which, in the opinion of the Registrar, fails to apply due
diligence in the exercise of any of its functions as management company or registered agent, as the case may be.