Page 177 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION
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Chapter 2 I POCA
3. Penalties
(1) Any person convicted of an offence referred to in section 2(1) shall be liable to a fine not exceeding R1000 million, or to imprisonment for a period up to imprisonment for life.
(2) Notwithstanding any other law dealing with the penal jurisdiction of the regional court, if a regional court, after it has convicted an accused of an offence referred to in section 2(1) following on—
(a) a plea of guilty; or
(b) a plea of not guilty,
but before sentence, is of the opinion that the offence in respect of which the accused has been convicted merits punishment—
(i) in excess of the penal jurisdiction of the regional court but not exceeding a fine of R100 million or a period of 30 years imprisonment, the regional court shall have jurisdiction to impose such penalty even though that penalty exceeds the penal jurisdiction of that court; or
(ii) ... (3) ...
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