Page 14 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION

Definitions I FIC Act
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1. Definitions
(1) In this Act, unless the context indicates otherwise– “accountable institution” means a person referred to in Schedule 1;
“administrative sanction” means an administrative sanction contemplated in section 45C;
“appeal board” means the appeal board established by section 45E;
“authorised officer” means any official of–
(a) an investigating authority authorised by the head of that investigating authority to act under this Act;
(b) the National Prosecuting Authority authorised by the National Director of Public Prosecutions to act under this Act;
(c) an intelligence service authorised by the Director-General of that service to act under this Act;
(d) the South African Revenue Service authorised by the Commissioner for that Service to act under this Act;
(e) the Independent Police Investigative Directorate authorised by the Executive Director of that Directorate to act under this Act;
(f) the Intelligence Division of the National Defence Force authorised by the Inspector-General of the National Defence Force to act under this Act;
(g) a Special Investigating Unit authorised by the head of the Special Investigating Unit to act under this Act;
(h) the office of the Public Protector authorised by the Public Protector to act under this Act;
(i) an investigative division in a national department authorised by the head of that national department to act under this Act; or
(j) an investigative division of the Auditor-General authorised by the Auditor-General to act under this Act;
“bearer negotiable instrument”, means any instrument that may on demand by the bearer thereof be converted to the currency of the Republic or that of another country, and includes, amongst others, cheques, promissory notes or money orders;