Section 14D: Duty to provide information
This section is inserted by Act No 9 of 2019, section 16.
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
14D. Duty to provide information
(1) Where a report has been made under section 21A,
the Director of FIU may, notwithstanding any other
enactment, request further information in relation to the
suspicious transaction from –
(a) the auditor; or
(b) the relevant registered association or any
other registered association that is, or
appears to the FIU, to be involved in the
transaction.
(2) Any person who fails to comply with subsection (1)
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.
Sub-Part C – Investigatory Powers of Registrar
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Questions this section answers
- Can the FIU ask a registered association for more information after a suspicious transaction report?