Page 67 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION

Chapter 3 I FIC Act
43B. Registrationbyaccountableinstitutionandreportinginstitution
(1) Every accountable institution referred to in Schedule 1 and every reporting institution referred to in Schedule 3 must, within the prescribed period and in the prescribed manner, register with the Centre.
(2) The registration of an accountable institution and a reporting institution contemplated in subsection (1) must be accompanied by such particulars as the Centre may require.
(3) The Centre must keep and maintain a register of every accountable institution and reporting institution registered in terms of subsection (1).
(4) A registered accountable institution or reporting institution must notify the Centre, in writing, of any changes to the particulars furnished in terms of this section within 90 days after such a change.
PART 5: REFERRAL AND SUPERVISION
44. Referral of suspected offences to investigating authorities and
other public bodies
If the Centre in the performance of its functions has reasonable grounds to suspect that an accountable institution, or any other person other than a supervisory body who is subject to the provisions of this Act, has contravened or failed to comply with any provision of this Act or any rule or guideline applicable to that accountable institution or person which facilitates compliance with this Act, it may, if it considers it appropriate to do so, refer the matter to–
(a) a relevant investigating authority; or
(b) an appropriate supervisory body or other public body or authority affected by it, together with any recommendation the Centre considers appropriate.
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