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Section 19S: Application for review

Financial Intelligence and Anti-Money Laundering Act · PART IVB: SUPERVISION BY REGULATORY BODIES

This section is inserted by Act No 9 of 2019, section 10.

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.

19S. Application for review (1) A member who is aggrieved by the decision of the regulatory body under section 19N – (a) may, within 21 days of the decision of the regulatory body, make an application to the Review Panel for a review of that decision, specifying the reasons thereof; and (b) shall, at the same time, forward a copy of his application by registered post to the regulatory body. (2) Where a member is unable to make an application within the period of 21 days referred to in subsection (4)(a), the Review Panel may, on good cause shown, accept to hear the application. (3) Notwithstanding an application under subsection (4)(a) but subject to subsection (7), the decision of the regulatory body under section 19N shall be given effect immediately after the period of 21 days from the date of the decision. (4) The Review Panel may, after hearing the aggrieved member, suspend the implementation of the decision of the regulatory body under section 19N on such terms and conditions as it may determine.

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