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


Money Laundering and Terrorist Financing Control Regulations

Chapter 5 : Measures to Promote Compliance and Appeals

27D. Criteria for supervisory body to request information relating to a report made in terms of section 29


(1) For the purposes of section 45B(2A) of the Act, a supervisory body referred to in section 45B(2A)(c) of the Act may only order from an accountable institution under inspection, the production of a copy of a report, or the furnishing of a fact or information related to the report contemplated in section 29 if, to the satisfaction of the Centre—
(a) appropriate measures are taken by the supervisory body to ensure that the information obtained from the report is processed only for the purposes of determining compliance with the Act;
(b) appropriate measures are taken by the supervisory body to prevent unlawful access to the information contained in the report; and
(c) appropriate security safeguards are in place for the protection of information contained in the report.


(2) The Centre must advise the accountable institution concerned in writing of its decision whether a supervisory body meets the criteria contemplated  in subregulation (1).


[Regulation 27D inserted by regulation 16 of Notice No. R. 1062 of 2017]