Section 19:
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.
19. Offences relating to obligation to report and keep records and to disclosure of information prejudicial to a request
(1) Any bank, cash dealer, financial institution or member of a relevant
profession or occupation or any director, employee, agent or other legal representative thereof, who, knowingly or without reasonable excuse—
(a) fails to—
(i) supply any information requested by FIU under section 13 (2)
or 13 (3) within the date specified in the request;
(ii) make a report under section 14; or
(iii) verify, identify or keep records, registers or documents, as
required under section 17;
(b) destroys or removes any record, register or document which is
required under this Act or any regulations;
(c) warns or informs the owner of any funds of any report required
to be made in respect of any transaction, or of any action taken
or required to be taken in respect of any transaction, related to
such funds; or
(d) facilitates or permits the performance under a false identity of
any transaction falling within this Part,
shall commit an offence and shall, on conviction, be liable to a fine not exceeding one million rupees and to imprisonment for a term not exceeding
5 years.
(2) Any person who—
(a) falsifies, conceals, destroys or otherwise disposes of or causes
or permits the falsification, concealment, destruction or disposal
of any information, document or material which is or is likely to
be relevant to a request under the Mutual Assistance in Criminal
and Related Matters Act; or
F8 – 15 [Issue 9]
Financial Intelligence and Anti-Money Laundering Act
(b) knowing or suspecting that an investigation into a money laundering offence has been or is about to be conducted, divulges
that fact or other information to another person whereby the
making or execution of a request under the Mutual Assistance in
Criminal and Related Matters Act,
shall commit an offence and shall, on conviction, be liable to a fine not exceeding one million rupees and to imprisonment for a term not exceeding
5 years.
[S. 19 amended by s. 3 (g) of Act 34 of 2003 w.e.f. 27 September 2003; s. 11 (c) of Act 15
of 2006 w.e.f. 7 August 2006; s. 11 (j) of Act 27 of 2012 w.e.f. 22 December 2012; s. 17 (i)
of Act 27 of 2013 w.e.f. 21 December 2013.]
PART IVA – NATIONAL COMMITTEE FOR ANTI-MONEY LAUNDERING
AND COMBATING FINANCING OF TERRORISM
[Part IVA inserted by s. 3 (h) of Act 34 of 2003 w.e.f. 27 September 2003.]