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Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)

Chapter 3 : Money Laundering, Financing of Terrorist and Related Activities and Financial Sanctions Control Measures

Part 3 : Reporting duties and access to information

27. Accountable institutions, reporting institutions and persons subject to reporting obligations to advise Centre of clients

[Section 27 heading substituted by section 18 of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017)]

 

If an authorised representative of the Centre requests an accountable institution, a reporting institution or a person that is required to make a report in terms of section 29 of this Act to advise—

(a) whether a specified person is or has been a client of the accountable institution, reporting institution or person;
(b) whether a specified person is acting or has acted on behalf of any client of the accountable institution, reporting institution or person;
(c) whether a client of the accountable institution, reporting institution or person is acting or has acted for a specified person;
(d) whether a number specified by the Centre was allocated by the accountable institution, reporting institution or person to a person with whom the accountable institution, reporting institution or person has or has had a business relationship; or
(e) on the type and status of a business relationship with a client of the accountable institution, reporting institution or person,

the accountable institution, reporting institution or person must inform the Centre accordingly.

 

[Section 27 substituted by section 18 of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017)]