Section 55D: Compounding of offences
This section is inserted by The Anti-money Laundering, Combatting the Financing of Terrorism and Countering Proliferation Financing (Miscellaneous Provisions) Act, section 11.
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.
55D. Compounding of offences
(1) The Mauritius Institute of Professional Accountants may, with the
consent of the Director of Public Prosecutions, compound any offence committed under
this Part, or any regulations, rules or guidelines, by a person falling under its regulatory
purview where the person agrees, in writing, to pay such amount not exceeding the
maximum penalty specified for the offence.
(2) Every agreement to compound shall be final and conclusive and, on
payment of the agreed amount, no further proceedings in regard to the offence shall
be taken against the person who agreed to the compounding.
(3) Where the Director of Public Prosecutions does not give his consent to
compound the offence or a person does not agree to compound the offence, the
Mauritius Institute of Professional Accountants shall refer the matter to the relevant law
enforcement authority for investigation.
Ask juris about this section Official source
Questions this section answers
- Can I settle an offence with the Institute of Professional Accountants by paying a fine instead of going to court?
- What happens if I don't agree to compound the offence with the Institute?