Section 9: Establishment of FIU
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.
9. Establishment of FIU
(1) There is established for the purposes of this Act a Financial Intelligence Unit which shall have all the powers necessary to administer, and discharge its functions under, this Act.
(2) The head of the FIU shall be the Director who shall be a person of
high repute with substantial experience in the financial services industry or
law enforcement and experience in management and accounting and appointed by the President on the recommendation of the Prime Minister, made
in consultation with the Leader of the Opposition, on such terms and conditions as the Prime Minister may determine.
(3) The Director shall be responsible for the administration and management of the FIU and shall be assisted by such persons as may be appointed
by the Director to assist him.
(4) In the discharge of his functions and the exercise of his powers under
this Act, the Director shall act without fear or favour and, subject to section
12, shall not be subject to the direction or control of any other person or
authority other than, in matters of discipline, the President acting on the advice of the Prime Minister.
[S. 9 amended by s. 11 (c) of Act 27 of 2012 w.e.f. 22 December 2012; s. 17 (b) of Act 27 of
2013 w.e.f. 21 December 2013.]