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

Chapter 4 : Compliance and Enforcement

46A. Failure to comply with duty in regard to customer due diligence


An accountable institution that fails to comply with the duty to perform additional due diligence measures in accordance with section 21A, 21B, 21C, 21D, 21E, 21F, 21G or 21H is non-compliant and is subject to an administrative sanction.


[Section 46A inserted by section 36 of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017)]