Page 91 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION

Chapter 4 I FIC Act
(b) fails to provide information in terms of section 43B,
is non-compliant and is subject to an administrative sanction.
61B. Failuretocomplywithdutyinregardtogovernance
(1) The board of directors or senior management, or both, of an accountable institution that fails to ensure compliance in accordance with section 42A(1) is non-compliant and is subject to an administrative sanction.
(2) An accountable institution that fails to appoint a person in accordance with section 42A(2) or 42A(4) is non-compliant and is subject to an administrative sanction.
(3) A person that fails to ensure compliance in accordance with section 42A(3) is non-compliant and is subject to an administrative sanction.
62. Failure to provide training
An accountable institution that fails to provide training to its employees in accordance with section 43 is non-compliant and is subject to an administrative sanction.
62A. Offences relating to inspection
A person who–
(a) fails to appear for questioning in terms of section 45B(2)(a);
(b) fails to comply with an order contemplated in section 45B(2)(b);
(c) wilfully gives false information to an inspector;
(d) fails to comply with any reasonable request by an inspector in the performance of his or her functions; or
(e) wilfully hinders an inspector in the performance of his or her functions,
is guilty of an offence.
62B. Hinderingorobstructingappealboard
Any person who wilfully interrupts the proceedings of the appeal board or who wilfully hinders or obstructs the appeal board in the performance of its functions, is guilty of an offence.
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