Page 90 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION

Chapter 4 I FIC Act
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(d) discloses a fact or information contemplated in section 45B(2A), or uses such information, otherwise than as permitted by section 45B(5),
is guilty of an offence.
(2) Any person who knows, suspects or ought reasonably to have known or suspected–
(a) that information has been disclosed to the Centre; or
(b) that an investigation is being, or may be, conducted as a result of information that has been or is to be disclosed to the Centre,
and who directly or indirectly alerts, or brings information to the attention of, another person which will or is likely to prejudice such an investigation, is guilty of an offence.
61. Failure to comply with duty in respect of Risk Management and Compliance Programme
An accountable institution that fails to–
(a) develop, document, maintain and implement an anti-money laundering
and counter-terrorist financing risk management and compliance programme in accordance with section 42(1), (2) and (2A);
(aA) obtain approval for its Risk Management and Compliance Programme in accordance with section 42(2B);
(aB) review its Risk Management and Compliance Programme at regular intervals in accordance with section 42(2C);
(b) make the Risk Management and Compliance Programme available to its employees in accordance with section 42(3); or
(c) make a copy of its Risk Management and Compliance Programme available to the Centre or a supervisory body in terms of section 42(4),
is non-compliant and is subject to an administrative sanction.
61A. Failure to register with Centre
Any accountable institution or reporting institution that–
(a) fails to register with the Centre in terms of section 43B; or