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Section 19Y: Application of Sub-part

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.

19Y. Application of Sub-part This Sub-part shall apply, with such modifications and adaptations as may be necessary, for the review of the decision of – (a) the Financial Reporting Council under section 23A of the Financial Reporting Council; and (b) the Registrar under section 14K of the Registration of Associations Act. (r) in section 21 – (i) in the heading, by adding the words “or Registrars”; (ii) in subsection (1) – (A) in paragraph (a), by inserting, after the words “any of the supervisory authorities”, the words “or Registrars”; 184 Acts 2019 (B) by inserting, after the words “of the supervisory authorities”, the words “or Registrars”; (C) by adding the words “or Registrar”; (iii) by inserting, after subsection (1), the following new subsection – (1A) FIU may, at the request of any supervisory authority and for the sole purpose of assisting the supervisory authority to discharge its compliance functions, provide it with a copy of the suspicious transaction report made under section 14(1). (s) in section 22 – (i) in the heading, by adding the words “or Registrars”; (ii) in subsection (1), by inserting, after the words “supervisory authority” wherever they appear, the words “or Registrar”; (t) in section 31, by adding the following new subsection – (4) Any person referred to in subsection (1) who contravenes this section 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 2 years. (u) in section 32, by adding the following new subsection, the existing provision being numbered as subsection (1) – (2) No action shall lie against the Review Panel or any member of the Review Panel, in respect of any act done or omission made by it or any member, in good faith, in the exercise of its or his functions conferred under this Act or under any other enactment. (v) in section 35(2), by deleting the words “proliferation offences” and replacing them by the words “proliferation financing”; Acts 2019 185 (w) in the First Schedule – (i) in Part I – (A) by deleting items 4, 5 and 6 and their corresponding entries and replacing them by the following items and their corresponding entries –

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