Page 44 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION

Chapter 3 I FIC Act
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(vi) public utility charges;
(vii) maintenance orders;
(viii) reasonable professional fees, and
(ix) reimbursement of expenses associated with the provision of legal services;
(b) satisfy a judgment or arbitral award that was made before the date on which the person or entity was identified by the Security Council of the United Nations;
(c) make a payment to a third party which is due under a contract, agreement or other obligation made before the date on which the person or entity was identified by the Security Council of the United Nations;
(d) accrue interest or other earnings due on accounts holding property affected by a prohibition under section 26B;
(e) make a payment due to a person or entity affected by a prohibition under section 26B by virtue of a contract, agreement or other obligation made before the date on which the person or entity was identified by the Security Council of the United Nations: Provided that the payment is not directly or indirectly being received by that person or entity.
(3) The Minister may permit the provision of financial services or the dealing with property under subsection (1) on his or her own initiative or at the request of a person affected by a prohibition under section 26B.
(4) The Director must, by appropriate means of publication, give notice of the Minister’s permission of the provision of financial services or the dealing with property under subsection (1).
(5) (a) The Minister may, in writing, delegate any power conferred in terms of this section, to the Director.
(b) A delegation in terms of paragraph (a)–
(i) is subject to any limitations or conditions that the Minister may impose;