Electricity Regulation Act, 2006
R 385.00
Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)Chapter 4 : Compliance and Enforcement56. Failure to report electronic transfers |
| (1) | An accountable institution that fails to report to the Centre the prescribed information in respect of an electronic transfer of money in accordance with section 31, is guilty of an offence. |
| (2) | An accountable institution that fails to report to the Centre the prescribed information in respect of an electronic transfer of money in accordance with section 31, is non-compliant and is subject to an administrative sanction. |
[Section 56 substituted by section 43 of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017) - effective 18 August 2023, as per Notice No. 3803 of GG49140, dated 18 August 2023]
