Page 180 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION

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8.
(1) (2)
(c) reported a suspicion to his or her superior, if any, if—
(i) the accountable institution had not appointed such a person or established such rules;
(ii) the accountable institution had not complied with its obligations in section 42(3) of that Act in respect of that person; or
(iii) those rules were not applicable to that person.
Penalties
Any person convicted of an offence contemplated in section 4, 5 or 6 shall be liable to a fine not exceeding R100 million, or to imprisonment for a period not exceeding 30 years.
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Chapter 3 I POCA