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Section 19V: Determination of Review Panel

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.

19V. Determination of Review Panel (1) On the hearing of an application for review, the Review Panel may – (a) confirm, amend or cancel a decision made by the regulatory body; (b) remit the matter to the regulatory body for reconsideration. (2) Where there is a disagreement among the members of the Review Panel, the decision of the majority shall be the determination of the Review Panel. (3) Any determination of the Review Panel shall be in writing, and shall include the reasons for the determination, a statement of its findings on material questions of fact and a reference to the evidence or other material on which the findings are based. (4) The Review Panel shall cause its determination to be served on each party to the proceedings and any determination of the Review Panel shall be published in such form and manner as it may determine. (5) (a) Subject to paragraph (b), a determination of the Review Panel shall come into operation on the date of the determination. (b) The Review Panel may specify in the determination the date on which the determination is to come into operation. (6) Any decision of the Review Panel shall not be altered or set aside, or a new decision taken thereon, by the regulatory body, except by the Review Panel or with the consent of the parties to the proceedings and with the concurrence of the Review Panel. Acts 2019 183

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